308 Pleasant Ave SECaledoniaMI49316
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
Investment property for sale in Caledonia at 308 Pleasant Ave SE, Caledonia, MI, 49316 listed at $255,000 pairs $2,147/mo rent with a $1,248/mo payment to leave $466/mo cash flow. Total monthly income runs $2,147/mo, and annual cash flow reaches $5,586/yr on $84,533 cash to close. Return on cash invested measures 26.52% in year one, and rental yield registers 10.1% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 138.83% and total cumulative return in cash totals $117,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,147/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
