359 Carey StDeerfieldMI49238
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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 Deerfield at 359 Carey St, Deerfield, MI, 49238 generates $1,861/mo in rent and, after a $1,272/mo payment, leaves $147/mo in cash flow. Total monthly income is $1,861/mo, and annual cash flow is $1,766/yr on $86,157 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 8.59% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash sums $98,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,861/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49238, Deerfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 643 (100%) |
| Owner Occupied HU | 532 (82.7%) |
| Renter Occupied HU | 80 (12.4%) |
| Vacant Housing Units | 31 ( 4.8%) |
| Median Home Value | $214,516 |
| Average Home Value | $274,196 |
Housing Distribution
Address Breakdown
Residential
621
Single Family
621
Multi-Family
0
Businesses
42
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