2544 W Wing RdMount PleasantMI48858
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mount Pleasant at 2544 W Wing Rd, Mount Pleasant, MI, 48858 priced at $415,000 converts $3,800/mo rent into $1,064/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,800/mo, and annual cash flow totals $12,762/yr on $137,573 invested. Return on cash invested prints 29.19% in year one, and rental yield reads 10.99% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 153.13% and total cumulative return in cash sums $210,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,800/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1978
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Shelley Kemmerling • COLDWELL BANKER MT. PLEASANT REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925584
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.