318 Oak St SECaledoniaMI49316
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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 Caledonia at 318 Oak St SE, Caledonia, MI, 49316 generates $1,435/mo in rent and, after a $764/mo payment, leaves $406/mo in cash flow. Total monthly income is $1,435/mo, and annual cash flow is $4,870/yr on $51,714 invested. Return on cash invested sits at 29.33% in year one, and rental yield is 11.04% on a $156,000 entry. Equity gained on principal adds $1,007/yr, while 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 153.88% and total cumulative return in cash sums $79,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,435/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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