38 Mead StHillsdaleMI49242
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 Hillsdale at 38 Mead St, Hillsdale, MI, 49242 offers $1,461/mo rent that, after a $893/mo payment, leaves $178/mo cash flow. Total monthly income is $1,461/mo, and annual cash flow is $2,133/yr on $60,482 cash. Return on cash invested measures 23.43% in year one, and rental yield stands at 9.61% at a $182,450 entry. Equity gained on principal adds $1,177/yr while 5% annual appreciation compounds into $50,408 by year five. Five-year ROI records 122.88% and total cumulative return in cash reaches $74,322. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,461/mo property income versus a $893/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49242, Hillsdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,762 (100%) |
| Owner Occupied HU | 4,061 (60.1%) |
| Renter Occupied HU | 1,845 (27.3%) |
| Vacant Housing Units | 856 (12.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $226,490 |
Housing Distribution
Address Breakdown
Residential
6,129
Single Family
5,552
Multi-Family
577
Businesses
570
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