385 Abbey Mill Dr SEAdaMI49301
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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 Ada at 385 Abbey Mill Dr SE, Ada, MI, 49301 offers a 8.45% rental yield on a $334,000 purchase with $2,352/mo rent. Total monthly income registers $2,352/mo, and a $1,635/mo payment leaves $149/mo available for distribution. Annual cash flow reaches $1,790/yr on $110,721 to close, and return on cash invested stands at 21.53% in year one. Equity gained on principal adds $2,155/yr while 5% annual appreciation supports $92,278 over five years. Portfolio math shows five-year ROI at 112.08% and total cumulative return in cash at $124,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,352/mo property income against a $1,635/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
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