3251 Hanover RdHortonMI49246
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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 Horton at 3251 Hanover Rd, Horton, MI, 49246 earns from $2,078/mo rent with a $1,786/mo payment. Total monthly income totals $2,078/mo. ROI tracks 16.65% on current figures, and rental yield reads 6.83% at a $364,900 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,815 over five years. Five-year ROI reaches 85.92% and total cumulative return in cash sums $103,932. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,078/mo property income instead of your personal income.
Single Family
Built in 2024
2.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49246, Horton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,567 (100%) |
| Owner Occupied HU | 1,277 (81.5%) |
| Renter Occupied HU | 77 ( 4.9%) |
| Vacant Housing Units | 213 (13.6%) |
| Median Home Value | $252,879 |
| Average Home Value | $314,839 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,348
Multi-Family
0
Businesses
35
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