302 Wood StHartMI49420
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 Hart at 302 Wood St, Hart, MI, 49420 offers $1,488/mo rent that, after a $739/mo payment, leaves $492/mo cash flow. Total monthly income is $1,488/mo, and annual cash flow is $5,908/yr on $50,057 cash. Return on cash invested measures 31.71% in year one, and rental yield stands at 11.83% at a $151,000 entry. Equity gained on principal adds $974/yr while 5% annual appreciation compounds into $41,719 by year five. Five-year ROI records 166.75% and total cumulative return in cash reaches $83,468. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,488/mo property income versus a $739/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49420, Hart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,834 (62.9%) |
| Renter Occupied HU | 541 (18.5%) |
| Vacant Housing Units | 543 (18.6%) |
| Median Home Value | $178,297 |
| Average Home Value | $224,875 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,527
Multi-Family
91
Businesses
255
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