305 S Heyer StWestphaliaMI48894
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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 Westphalia at 305 S Heyer St, Westphalia, MI, 48894 generates $3,715/mo in rent and, after a $2,080/mo payment, leaves $913/mo in cash flow. Total monthly income is $3,715/mo, and annual cash flow is $10,950/yr on $140,888 invested. Return on cash invested sits at 27.68% in year one, and rental yield is 10.49% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 145.06% and total cumulative return in cash sums $204,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,715/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48894, Westphalia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 808 (100%) |
| Owner Occupied HU | 735 (91.0%) |
| Renter Occupied HU | 56 ( 6.9%) |
| Vacant Housing Units | 17 ( 2.1%) |
| Median Home Value | $310,282 |
| Average Home Value | $325,051 |
Housing Distribution
Address Breakdown
Residential
472
Single Family
472
Multi-Family
0
Businesses
44
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Listed by: Patti J Warnke • Patti Warnke Real Estate Group
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283545
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS