319 W West South StHastingsMI49058
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 Hastings at 319 W West South St, Hastings, MI, 49058 uses $65,969 cash to close to unlock $5,840/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $1,799/mo, and a $974/mo payment keeps the spread at $487/mo. Purchase price stands at $199,000, and rental yield measures 10.85% with $1,799/mo rent. Return on cash invested shows 28.76% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 150.86% and total cumulative return in cash records $99,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
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