311 S Mears AveWhitehallMI49461
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 Whitehall at 311 S Mears Ave, Whitehall, MI, 49461 priced at $147,250 converts $2,165/mo rent into $1,069/mo cash flow after a $721/mo obligation. Total monthly income equals $2,165/mo, and annual cash flow totals $12,830/yr on $48,813 invested. Return on cash invested prints 46.19% in year one, and rental yield reads 17.64% against a $147,250 entry. Equity gained on principal adds $950/yr, while 5% annual appreciation compiles into $40,682 by year five. Five-year ROI reaches 245.5% and total cumulative return in cash sums $119,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,165/mo property income covering a $721/mo payment, not borrower’s personal income.
Single Family
Built in 1901
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49461, Whitehall, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,152 (100%) |
| Owner Occupied HU | 3,114 (75.0%) |
| Renter Occupied HU | 533 (12.8%) |
| Vacant Housing Units | 505 (12.2%) |
| Median Home Value | $262,468 |
| Average Home Value | $328,917 |
Housing Distribution
Address Breakdown
Residential
4,150
Single Family
3,978
Multi-Family
172
Businesses
272
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