311 Ball StOrtonvilleMI48462
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 Ortonville at 311 Ball St, Ortonville, MI, 48462 uses $76,212 cash to close to unlock $15,170/yr annual cash flow and $1,264/mo monthly cash flow. Total monthly income runs $2,780/mo, and a $1,125/mo payment keeps the spread at $1,264/mo. Purchase price stands at $229,900, and rental yield measures 14.51% with $2,780/mo rent. Return on cash invested shows 39.81% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 210.16% and total cumulative return in cash records $160,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,780/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Multi Family
Built in 1980
0.36 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Stockley • Willowdale Realty & Dev
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240068082
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-15 06:35:31 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702