321 S Main StCamdenMI49232
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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
Investment property for sale in Camden at 321 S Main St, Camden, MI, 49232 uses $46,377 cash to close to unlock $1,646/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $1,060/mo, and a $685/mo payment keeps the spread at $137/mo. Purchase price stands at $139,900, and rental yield measures 9.09% with $1,060/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 122.47% and total cumulative return in cash records $56,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,060/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49232, Camden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,280 (100%) |
| Owner Occupied HU | 859 (67.1%) |
| Renter Occupied HU | 125 ( 9.8%) |
| Vacant Housing Units | 296 (23.1%) |
| Median Home Value | $219,860 |
| Average Home Value | $248,577 |
Housing Distribution
Address Breakdown
Residential
1,124
Single Family
1,124
Multi-Family
0
Businesses
39
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