295 3rd StConcordMI49237
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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 Concord at 295 3rd St, Concord, MI, 49237 earns $445/mo cash flow from $1,698/mo rent with a $930/mo payment. Total monthly income totals $1,698/mo, and annual cash flow totals $5,340/yr on $62,985 capital. ROI tracks 28.39% on current figures, and rental yield reads 10.72% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 148.82% and total cumulative return in cash sums $93,732. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,698/mo property income instead of your personal income.
Manufactured
Built in 1997
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49237, Concord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 1,029 (80.5%) |
| Renter Occupied HU | 142 (11.1%) |
| Vacant Housing Units | 107 ( 8.4%) |
| Median Home Value | $234,517 |
| Average Home Value | $255,493 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,115
Multi-Family
0
Businesses
68
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