309 E Burr Oak StCentrevilleMI49032
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 Centreville at 309 E Burr Oak St, Centreville, MI, 49032 earns $694/mo cash flow from $1,472/mo rent with a $562/mo payment. Total monthly income totals $1,472/mo, and annual cash flow totals $8,328/yr on $38,089 capital. ROI tracks 41.77% on current figures, and rental yield reads 15.37% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 220.85% and total cumulative return in cash sums $84,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,472/mo property income instead of your personal income.
Single Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49032, Centreville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 846 (75.8%) |
| Renter Occupied HU | 191 (17.1%) |
| Vacant Housing Units | 79 ( 7.1%) |
| Median Home Value | $215,546 |
| Average Home Value | $239,232 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
896
Multi-Family
52
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael S Brorson • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #24063303
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.