306 W Jackson StMendonMI49072
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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 Mendon at 306 W Jackson St, Mendon, MI, 49072 generates $1,695/mo in rent and, after a $1,160/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,695/mo, and annual cash flow is $1,585/yr on $78,566 invested. Return on cash invested sits at 21.93% in year one, and rental yield is 8.58% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 114.24% and total cumulative return in cash sums $89,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,695/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49072, Mendon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 1,064 (78.5%) |
| Renter Occupied HU | 136 (10.0%) |
| Vacant Housing Units | 156 (11.5%) |
| Median Home Value | $215,044 |
| Average Home Value | $237,324 |
Housing Distribution
Address Breakdown
Residential
1,185
Single Family
1,185
Multi-Family
0
Businesses
59
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