345 E Leroy StBurlingtonMI49029
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Burlington at 345 E Leroy St, Burlington, MI, 49029 at $180,000 posts ROI 23.83% with $195/mo cash flow from $1,382/mo rent. Total monthly income equals $1,382/mo, and annual cash flow records $2,340/yr on $59,670 to close. Return on cash invested measures 23.83% and rental yield reads 9.21% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 124.37% and total cumulative return in cash totals $74,213.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,382/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1840
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49029, Burlington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 664 (100%) |
| Owner Occupied HU | 534 (80.4%) |
| Renter Occupied HU | 67 (10.1%) |
| Vacant Housing Units | 63 ( 9.5%) |
| Median Home Value | $260,526 |
| Average Home Value | $344,017 |
Housing Distribution
Address Breakdown
Residential
613
Single Family
613
Multi-Family
0
Businesses
14
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Nearby investment properties with comparable prices
Listed by: Ashley Clayman • Coldwell Banker Morehart Realty
Mls Name: MichRIC
Mls ID: #25058884