350 Ridgewood DrWest BranchMI48661
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
Rental property for sale in West Branch at 350 Ridgewood Dr, West Branch, MI, 48661 priced at $369,999 pairs $3,790/mo rent with $1,325/mo cash flow after a $1,811/mo payment. Total monthly income equals $3,790/mo, and annual cash flow comes to $15,900/yr on $122,655 invested. Return on cash invested is 32.87% in year one, and rental yield stands at 12.29% on a $369,999 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,224 by year five. Five-year ROI measures 172.97% and total cumulative return in cash reaches $212,153. For financing, Ziffy Mortgage’s DSCR program evaluates $3,790/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
10 Acres lot
$N/A/sqft
$300 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gail Curtis • 31 Realty
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925919
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.