2930 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 2930 Niles Buchanan Rd, Buchanan, MI, 49107 uses $79,527 cash to close to unlock $7,754/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $2,228/mo, and a $1,174/mo payment keeps the spread at $646/mo. Purchase price stands at $239,900, and rental yield measures 11.14% with $2,228/mo rent. Return on cash invested shows 29.66% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 155.71% and total cumulative return in cash records $123,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,228/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1975
1.52 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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