3823 Madison AveBridgmanMI49106
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
Investment property for sale in Bridgman at 3823 Madison Ave, Bridgman, MI, 49106 offers a 8.07% rental yield on a $399,900 purchase with $2,688/mo rent. Total monthly income registers $2,688/mo, and a $1,957/mo payment leaves $51/mo available for distribution. Annual cash flow reaches $614/yr on $132,567 to close, and return on cash invested stands at 20.37% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 105.88% and total cumulative return in cash at $140,360. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,688/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49106, Bridgman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,461 (65.8%) |
| Renter Occupied HU | 372 (16.8%) |
| Vacant Housing Units | 387 (17.4%) |
| Median Home Value | $296,944 |
| Average Home Value | $355,914 |
Housing Distribution
Address Breakdown
Residential
2,215
Single Family
2,066
Multi-Family
149
Businesses
156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
