317 North StBurlingtonMI49029
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 Burlington at 317 North St, Burlington, MI, 49029 listed at $138,600 pairs $1,059/mo rent with a $678/mo payment to leave $145/mo cash flow. Total monthly income runs $1,059/mo, and annual cash flow reaches $1,745/yr on $45,946 cash to close. Return on cash invested measures 23.71% in year one, and rental yield registers 9.17% at a $138,600 basis. Equity gained on principal adds $894/yr, and annual property appreciation at 5% supports $38,293 by year five. Five-year ROI tracks 123.78% and total cumulative return in cash totals $56,871. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,059/mo property income relative to a $678/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2000
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Downey • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls ID: #25058631