311 Chestnut StBloomingdaleMI49026
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
Rental property for sale in Bloomingdale at 311 Chestnut St, Bloomingdale, MI, 49026 offers $1,171/mo rent that, after a $734/mo payment, leaves $182/mo cash flow. Total monthly income is $1,171/mo, and annual cash flow is $2,184/yr on $49,725 cash. Return on cash invested measures 24.3% in year one, and rental yield stands at 9.37% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 126.9% and total cumulative return in cash reaches $63,102. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,171/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
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Nearby investment properties with comparable prices
Listed by: Barbara Strong • Lakes & Country Real Estate Inc
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025440
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.