3722 E Onota StChathamMI49816
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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 Chatham at 3722 E Onota St, Chatham, MI, 49816 earns $128/mo cash flow from $814/mo rent with a $509/mo payment. Total monthly income totals $814/mo, and annual cash flow totals $1,538/yr on $34,476 capital. ROI tracks 24.37% on current figures, and rental yield reads 9.39% at a $104,000 purchase. Equity gained on principal adds $671/yr, and 5% annual appreciation supports $28,733 over five years. Five-year ROI reaches 127.39% and total cumulative return in cash sums $43,920. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $814/mo property income instead of your personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49816, Chatham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 543 (100%) |
| Owner Occupied HU | 286 (52.7%) |
| Renter Occupied HU | 23 ( 4.2%) |
| Vacant Housing Units | 234 (43.1%) |
| Median Home Value | $220,408 |
| Average Home Value | $251,792 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
29
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Listed by: DAWN FLORIO • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176134
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.