306 Arctic StBuchananMI49107
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 Buchanan at 306 Arctic St, Buchanan, MI, 49107 priced at $165,500 pairs $1,462/mo rent with $371/mo cash flow after a $810/mo payment. Total monthly income equals $1,462/mo, and annual cash flow comes to $4,448/yr on $54,863 invested. Return on cash invested is 28.02% in year one, and rental yield stands at 10.6% on a $165,500 basis. Equity gained on principal adds $1,068/yr, and 5% annual appreciation accumulates to $45,725 by year five. Five-year ROI measures 146.87% and total cumulative return in cash reaches $80,580. For financing, Ziffy Mortgage’s DSCR program evaluates $1,462/mo property income against a $810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1934
8,276 sqft 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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