302 Prospect StVassarMI48768
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 Vassar at 302 Prospect St, Vassar, MI, 48768 priced at $214,900 pairs $1,545/mo rent with $128/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,545/mo, and annual cash flow comes to $1,532/yr on $71,239 invested. Return on cash invested is 22.06% in year one, and rental yield stands at 8.63% on a $214,900 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,373 by year five. Five-year ROI measures 114.92% and total cumulative return in cash reaches $81,870. For financing, Ziffy Mortgage’s DSCR program evaluates $1,545/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1871
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48768, Vassar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,109 (100%) |
| Owner Occupied HU | 3,221 (78.4%) |
| Renter Occupied HU | 623 (15.2%) |
| Vacant Housing Units | 265 ( 6.4%) |
| Median Home Value | $157,940 |
| Average Home Value | $187,573 |
Housing Distribution
Address Breakdown
Residential
4,059
Single Family
3,876
Multi-Family
183
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices