298 Hawley StHesperiaMI49421
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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 Hesperia at 298 Hawley St, Hesperia, MI, 49421 generates $2,282/mo in rent and, after a $1,273/mo payment, leaves $567/mo in cash flow. Total monthly income is $2,282/mo, and annual cash flow is $6,804/yr on $86,190 invested. Return on cash invested sits at 27.8% in year one, and rental yield is 10.53% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 145.71% and total cumulative return in cash sums $125,585. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,282/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49421, Hesperia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 2,022 (68.2%) |
| Renter Occupied HU | 326 (11.0%) |
| Vacant Housing Units | 615 (20.8%) |
| Median Home Value | $173,111 |
| Average Home Value | $207,914 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,307
Multi-Family
129
Businesses
70
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