301 Woodland DrBuchananMI49107
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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 Buchanan at 301 Woodland Dr, Buchanan, MI, 49107 uses $106,080 cash to close to unlock $6,480/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $2,650/mo, and a $1,566/mo payment keeps the spread at $540/mo. Purchase price stands at $320,000, and rental yield measures 9.94% with $2,650/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 136.12% and total cumulative return in cash records $144,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,650/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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