295 Shaw RdCasnoviaMI49318
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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 Casnovia at 295 Shaw Rd, Casnovia, MI, 49318 uses $59,637 cash to close to unlock $6,086/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $881/mo payment keeps the spread at $507/mo. Purchase price stands at $179,900, and rental yield measures 11.3% with $1,694/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 158.17% and total cumulative return in cash records $94,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49318, Casnovia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 578 (82.2%) |
| Renter Occupied HU | 71 (10.1%) |
| Vacant Housing Units | 54 ( 7.7%) |
| Median Home Value | $269,068 |
| Average Home Value | $316,514 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
29
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