310 N Warren AveBig RapidsMI49307
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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
Investment property for sale in Big Rapids at 310 N Warren Ave, Big Rapids, MI, 49307 uses $49,394 cash to close to unlock $2,336/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,177/mo, and a $729/mo payment keeps the spread at $195/mo. Purchase price stands at $149,000, and rental yield measures 9.48% with $1,177/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 128.77% and total cumulative return in cash records $63,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,177/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1910
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Shawn A Kiphart • ERA Reardon Realty Great Lakes
Mls Name: MichRIC
Mls ID: #25039165