331 Howell RdAllentonMI48002
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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 Allenton at 331 Howell Rd, Allenton, MI, 48002 generates $2,003/mo in rent, after a $1,835/mo payment. Total monthly income is $2,003/mo. Return on cash invested sits at 15.38% in year one, and rental yield is 6.41% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 79.08% and total cumulative return in cash sums $98,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,003/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48002, Allenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,225 (100%) |
| Owner Occupied HU | 1,116 (91.1%) |
| Renter Occupied HU | 67 ( 5.5%) |
| Vacant Housing Units | 42 ( 3.4%) |
| Median Home Value | $323,094 |
| Average Home Value | $325,284 |
Housing Distribution
Address Breakdown
Residential
1,211
Single Family
1,211
Multi-Family
0
Businesses
30
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