2934 Mount Hope RdOkemosMI48864
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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
Rental property for sale in Okemos at 2934 Mount Hope Rd, Okemos, MI, 48864 generates $1,332/mo in rent and, after a $827/mo payment, leaves $218/mo in cash flow. Total monthly income is $1,332/mo, and annual cash flow is $2,612/yr on $56,024 invested. Return on cash invested sits at 24.57% in year one, and rental yield is 9.46% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 128.42% and total cumulative return in cash sums $71,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,332/mo property income rather than buyer’s personal income.
Condo
Built in 1969
1,390 sqft 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
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