3240 Reading Rd EOsseoMI49266
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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 Osseo at 3240 Reading Rd E, Osseo, MI, 49266 generates $1,138/mo in rent and, after a $734/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,138/mo, and annual cash flow is $1,790/yr on $49,692 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 9.11% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 122.79% and total cumulative return in cash sums $61,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,138/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49266, Osseo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,435 (100%) |
| Owner Occupied HU | 993 (69.2%) |
| Renter Occupied HU | 183 (12.8%) |
| Vacant Housing Units | 259 (18.0%) |
| Median Home Value | $186,126 |
| Average Home Value | $254,101 |
Housing Distribution
Address Breakdown
Residential
1,269
Single Family
1,269
Multi-Family
0
Businesses
44
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