2850 Jordan River DrFowlervilleMI48836
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 Fowlerville at 2850 Jordan River Dr, Fowlerville, MI, 48836 priced at $294,900 pairs $5,282/mo rent with $3,338/mo cash flow after a $1,443/mo payment. Total monthly income equals $5,282/mo, and annual cash flow comes to $40,052/yr on $97,759 invested. Return on cash invested is 60.88% in year one, and rental yield stands at 21.49% on a $294,900 basis. Equity gained on principal adds $1,903/yr, and 5% annual appreciation accumulates to $81,475 by year five. Five-year ROI measures 323.07% and total cumulative return in cash reaches $315,835. For financing, Ziffy Mortgage’s DSCR program evaluates $5,282/mo property income against a $1,443/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2020
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48836, Fowlerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,501 (100%) |
| Owner Occupied HU | 4,694 (85.3%) |
| Renter Occupied HU | 657 (11.9%) |
| Vacant Housing Units | 150 ( 2.7%) |
| Median Home Value | $278,107 |
| Average Home Value | $325,316 |
Housing Distribution
Address Breakdown
Residential
5,441
Single Family
5,381
Multi-Family
60
Businesses
337
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Listed by: Esteban Rubio • KW Realty Livingston
Mls Name: MichRIC
Mls Provider:
Mls ID: #24043312
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.