370 W Hayes RdIthacaMI48847
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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
Investment property for sale in Ithaca at 370 W Hayes Rd, Ithaca, MI, 48847 listed at $362,700 pairs $2,226/mo rent with a $1,775/mo payment. Total monthly income runs $2,226/mo. Return on cash invested measures 18.26% in year one, and rental yield registers 7.36% at a $362,700 basis. Equity gained on principal adds $2,340/yr, and annual property appreciation at 5% supports $100,207 by year five. Five-year ROI tracks 94.53% and total cumulative return in cash totals $113,657. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,226/mo property income relative to a $1,775/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48847, Ithaca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,615 (100%) |
| Owner Occupied HU | 1,866 (71.4%) |
| Renter Occupied HU | 523 (20.0%) |
| Vacant Housing Units | 226 ( 8.6%) |
| Median Home Value | $169,856 |
| Average Home Value | $200,805 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,462
Multi-Family
66
Businesses
239
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