3121 Hessen RdCascoMI48064
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 Casco at 3121 Hessen Rd, Casco, MI, 48064 uses $72,930 cash to close to unlock $2,400/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,651/mo, and a $1,077/mo payment keeps the spread at $200/mo. Purchase price stands at $220,000, and rental yield measures 9.01% with $1,651/mo rent. Return on cash invested shows 23.2% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 121.02% and total cumulative return in cash records $88,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,651/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1978
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48064, Casco, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,712 (100%) |
| Owner Occupied HU | 1,553 (90.7%) |
| Renter Occupied HU | 115 ( 6.7%) |
| Vacant Housing Units | 44 ( 2.6%) |
| Median Home Value | $291,802 |
| Average Home Value | $299,007 |
Housing Distribution
Address Breakdown
Residential
1,741
Single Family
1,309
Multi-Family
432
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices