315 E Leroy StBurlingtonMI49029
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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 Burlington at 315 E Leroy St, Burlington, MI, 49029 priced at $159,900 converts $1,233/mo rent into $178/mo cash flow after a $783/mo obligation. Total monthly income equals $1,233/mo, and annual cash flow totals $2,138/yr on $53,007 invested. Return on cash invested prints 23.94% in year one, and rental yield reads 9.25% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 125.09% and total cumulative return in cash sums $66,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,233/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1917
0.53 Acres 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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Listed by: John Blashfield • Heritage Realty, Inc.
Mls Name: MichRIC
Mls ID: #25057676