307 E Indiana StThree OaksMI49128
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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 Three Oaks at 307 E Indiana St, Three Oaks, MI, 49128 priced at $335,000 converts $1,870/mo rent into after a $1,640/mo obligation. Total monthly income equals $1,870/mo. Return on cash invested prints 16.24% in year one, and rental yield reads 6.7% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 83.71% and total cumulative return in cash sums $92,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,870/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49128, Three Oaks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,088 (100%) |
| Owner Occupied HU | 1,284 (61.5%) |
| Renter Occupied HU | 234 (11.2%) |
| Vacant Housing Units | 570 (27.3%) |
| Median Home Value | $319,149 |
| Average Home Value | $402,960 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,701
Multi-Family
41
Businesses
112
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Listed by: Caleb Dryden • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24046264
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.