311 W Main StBurlingtonMI49029
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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 Burlington at 311 W Main St, Burlington, MI, 49029 priced at $119,900 converts $2,580/mo rent into $1,789/mo cash flow after a $587/mo obligation. Total monthly income equals $2,580/mo, and annual cash flow totals $21,470/yr on $39,747 invested. Return on cash invested prints 73.93% in year one, and rental yield reads 25.82% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 393.15% and total cumulative return in cash sums $156,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1983
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49029, Burlington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 664 (100%) |
| Owner Occupied HU | 534 (80.4%) |
| Renter Occupied HU | 67 (10.1%) |
| Vacant Housing Units | 63 ( 9.5%) |
| Median Home Value | $260,526 |
| Average Home Value | $344,017 |
Housing Distribution
Address Breakdown
Residential
613
Single Family
613
Multi-Family
0
Businesses
14
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Nearby investment properties with comparable prices
Listed by: Michael L Thompson • First Choice Real Estate Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #24018408
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.