29723 King RdLeonidasMI49066
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 29723 King Rd, Leonidas, MI, 49066 in Leonidas. Priced at $385,000, it generates $3,223/mo in gross rent and $684/mo in net monthly cash flow, a 10.05% yield that comfortably supports the 1.86 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,212. Five-year appreciation: $106,368. Equity from principal paydown: $3,546/yr. Total projected cumulative return: $190,720.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 9.0% |
| Monthly Cash Flow | $684 | $400 |
City averages based on Leonidas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,223 |
| Total Monthly Debt Service | $2,386 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1966
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49066, Leonidas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 293 (100%) |
| Owner Occupied HU | 217 (74.1%) |
| Renter Occupied HU | 44 (15.0%) |
| Vacant Housing Units | 32 (10.9%) |
| Median Home Value | $225,500 |
| Average Home Value | $406,763 |
Housing Distribution
Address Breakdown
Residential
224
Single Family
224
Multi-Family
0
Businesses
10
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
Single Family
Built in 1966
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49066, Leonidas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 293 (100%) |
| Owner Occupied HU | 217 (74.1%) |
| Renter Occupied HU | 44 (15.0%) |
| Vacant Housing Units | 32 (10.9%) |
| Median Home Value | $225,500 |
| Average Home Value | $406,763 |
Housing Distribution
Address Breakdown
Residential
224
Single Family
224
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
