3604 E Eight Mile RdWhite CloudMI49349
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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 White Cloud at 3604 E Eight Mile Rd, White Cloud, MI, 49349 generates $2,029/mo in rent, after a $1,982/mo payment. Total monthly income is $2,029/mo. Return on cash invested sits at 14.18% in year one, and rental yield is 6.01% on a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 72.64% and total cumulative return in cash sums $97,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,029/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49349, White Cloud, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 2,768 (63.9%) |
| Renter Occupied HU | 512 (11.8%) |
| Vacant Housing Units | 1,054 (24.3%) |
| Median Home Value | $179,401 |
| Average Home Value | $243,816 |
Housing Distribution
Address Breakdown
Residential
3,390
Single Family
3,303
Multi-Family
87
Businesses
131
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Listed by: Macey Scott • EXP Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50182254
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