314 Chippewa StBuchananMI49107
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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 Buchanan at 314 Chippewa St, Buchanan, MI, 49107 priced at $281,500 converts $1,192/mo rent into after a $1,378/mo obligation. Total monthly income equals $1,192/mo. Return on cash invested prints 11.36% in year one, and rental yield reads 5.08% against a $281,500 entry. Equity gained on principal adds $1,816/yr, while 5% annual appreciation compiles into $77,773 by year five. Five-year ROI reaches 57.58% and total cumulative return in cash sums $53,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,192/mo property income covering a $1,378/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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