345 Walnut StDimondaleMI48821
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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
Rental property for sale in Dimondale at 345 Walnut St, Dimondale, MI, 48821 priced at $275,000 pairs $2,614/mo rent with $801/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,614/mo, and annual cash flow comes to $9,606/yr on $91,163 invested. Return on cash invested is 30.45% in year one, and rental yield stands at 11.41% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 159.89% and total cumulative return in cash reaches $145,763. For financing, Ziffy Mortgage’s DSCR program evaluates $2,614/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.25 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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