298 N Ridge RdCarsonvilleMI48419
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
Investment Highlights
Rental property for sale in Carsonville at 298 N Ridge Rd, Carsonville, MI, 48419 offers $1,684/mo rent that, after a $1,199/mo payment, leaves $69/mo cash flow. Total monthly income is $1,684/mo, and annual cash flow is $822/yr on $81,218 cash. Return on cash invested measures 20.92% in year one, and rental yield stands at 8.25% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 108.82% and total cumulative return in cash reaches $88,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,684/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
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Nearby investment properties with comparable prices
Listed by: Michael Rickerman • Epique Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50171752
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