3803 Underwood DrBitelyMI49309
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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 Bitely at 3803 Underwood Dr, Bitely, MI, 49309 generates $1,160/mo in rent and, after a $729/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,160/mo, and annual cash flow is $2,132/yr on $49,394 invested. Return on cash invested sits at 24.23% in year one, and rental yield is 9.34% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 126.56% and total cumulative return in cash sums $62,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
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