3189 S Cedar RdChaseMI49623
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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 Chase at 3189 S Cedar Rd, Chase, MI, 49623 offers $1,672/mo rent that, after a $1,370/mo payment. Total monthly income is $1,672/mo. Return on cash invested measures 17.66% in year one, and rental yield stands at 7.17% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 91.31% and total cumulative return in cash reaches $84,753. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,672/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49623, Chase, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 477 (60.6%) |
| Renter Occupied HU | 65 ( 8.3%) |
| Vacant Housing Units | 245 (31.1%) |
| Median Home Value | $151,786 |
| Average Home Value | $209,581 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
477
Multi-Family
0
Businesses
11
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