378 Thistle AveClimaxMI49034
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 Climax at 378 Thistle Ave, Climax, MI, 49034 priced at $275,000 pairs $2,028/mo rent with $215/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,028/mo, and annual cash flow comes to $2,574/yr on $91,163 invested. Return on cash invested is 22.73% in year one, and rental yield stands at 8.85% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 118.52% and total cumulative return in cash reaches $108,047. For financing, Ziffy Mortgage’s DSCR program evaluates $2,028/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49034, Climax, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 849 (89.3%) |
| Renter Occupied HU | 79 ( 8.3%) |
| Vacant Housing Units | 23 ( 2.4%) |
| Median Home Value | $298,476 |
| Average Home Value | $360,127 |
Housing Distribution
Address Breakdown
Residential
835
Single Family
811
Multi-Family
24
Businesses
28
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