2816 Niles Buchanan RdBuchananMI49107
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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
Investment property for sale in Buchanan at 2816 Niles Buchanan Rd, Buchanan, MI, 49107 uses $197,729 cash to close to unlock $5,356/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $4,410/mo, and a $2,942/mo payment keeps the spread at $446/mo. Purchase price stands at $601,000, and rental yield measures 8.81% with $4,410/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $166,045 over five years. Five-year ROI reaches 118.69% and total cumulative return in cash records $234,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,410/mo property income covering a $2,942/mo payment rather than investor’s personal income.
Single Family
Built in 2021
2.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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