296 Island DrBeavertonMI48612
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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 Beaverton at 296 Island Dr, Beaverton, MI, 48612 with 5% annual appreciation on a $395,000 basis while $1,938/mo rent supports operations. 8% in year one. Equity gained on principal adds $2,549/yr, and five-year appreciation sums $109,131 alongside rental yield of 5.89%. Five-year ROI measures 70.63% and total cumulative return in cash totals $92,490. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,938/mo property income versus a $1,933/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48612, Beaverton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,611 (100%) |
| Owner Occupied HU | 3,476 (61.9%) |
| Renter Occupied HU | 584 (10.4%) |
| Vacant Housing Units | 1,551 (27.6%) |
| Median Home Value | $175,758 |
| Average Home Value | $215,903 |
Housing Distribution
Address Breakdown
Residential
4,511
Single Family
4,423
Multi-Family
88
Businesses
149
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