311 W Highland Rd APT T15HowellMI48843
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 Howell at 311 W Highland Rd APT T15, Howell, MI, 48843 offers a 17.34% rental yield on a $119,900 purchase with $1,733/mo rent. Total monthly income registers $1,733/mo, and a $587/mo payment leaves $613/mo available for distribution. Annual cash flow reaches $7,358/yr on $39,747 to close, and return on cash invested stands at 38.42% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 206.36% and total cumulative return in cash at $82,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,733/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$329 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48843, Howell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,156 (100%) |
| Owner Occupied HU | 15,805 (78.4%) |
| Renter Occupied HU | 3,715 (18.4%) |
| Vacant Housing Units | 636 ( 3.2%) |
| Median Home Value | $367,579 |
| Average Home Value | $397,756 |
Housing Distribution
Address Breakdown
Residential
19,681
Single Family
18,246
Multi-Family
1,435
Businesses
1,098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jana Grove • Berkshire Hathaway HomeServices Tomie Raines
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283991
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS