328 Heritage WayAlgonacMI48001
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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 Algonac at 328 Heritage Way, Algonac, MI, 48001 priced at $210,000 converts $1,994/mo rent into $609/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,994/mo, and annual cash flow totals $7,308/yr on $69,615 invested. Return on cash invested prints 30.41% in year one, and rental yield reads 11.39% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 159.66% and total cumulative return in cash sums $111,148. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,994/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
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