31172 Depot StLeonidasMI49066
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 Leonidas at 31172 Depot St, Leonidas, MI, 49066 offers a 9.35% rental yield on a $155,000 purchase with $1,208/mo rent. Total monthly income registers $1,208/mo, and a $759/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,226/yr on $51,383 to close, and return on cash invested stands at 24.24% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 126.63% and total cumulative return in cash at $65,068. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,208/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49066, Leonidas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 293 (100%) |
| Owner Occupied HU | 217 (74.1%) |
| Renter Occupied HU | 44 (15.0%) |
| Vacant Housing Units | 32 (10.9%) |
| Median Home Value | $225,500 |
| Average Home Value | $406,763 |
Housing Distribution
Address Breakdown
Residential
224
Single Family
224
Multi-Family
0
Businesses
10
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