3282 N Canal RdDimondaleMI48821
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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 Dimondale at 3282 N Canal Rd, Dimondale, MI, 48821 offers $4,217/mo rent that, after a $3,181/mo payment. Total monthly income is $4,217/mo. Return on cash invested measures 19.67% in year one, and rental yield stands at 7.79% at a $649,900 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,555 by year five. Five-year ROI records 102.1% and total cumulative return in cash reaches $218,298. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,217/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
20.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48821, Dimondale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,641 (100%) |
| Owner Occupied HU | 2,330 (88.2%) |
| Renter Occupied HU | 231 ( 8.7%) |
| Vacant Housing Units | 80 ( 3.0%) |
| Median Home Value | $270,379 |
| Average Home Value | $283,974 |
Housing Distribution
Address Breakdown
Residential
2,446
Single Family
2,030
Multi-Family
416
Businesses
122
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Listed by: Melissa Frieling • Keller Williams Realty Lansing-East
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283265
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS