2934 Mount Hope Rd #22OkemosMI48864
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
Investment property for sale in Okemos at 2934 Mount Hope Rd #22, Okemos, MI, 48864 listed at $170,000 pairs $1,349/mo rent with a $832/mo payment to leave $228/mo cash flow. Total monthly income runs $1,349/mo, and annual cash flow reaches $2,736/yr on $56,355 cash to close. Return on cash invested measures 24.76% in year one, and rental yield registers 9.52% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 129.4% and total cumulative return in cash totals $72,921. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,349/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices