386 Ridgewood Dr NOrtonvilleMI48462
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 Ortonville at 386 Ridgewood Dr N, Ortonville, MI, 48462 offers a 18.99% rental yield on a $398,700 purchase with $6,308/mo rent. Total monthly income registers $6,308/mo, and a $1,951/mo payment leaves $3,625/mo available for distribution. Annual cash flow reaches $43,494/yr on $132,169 to close, and return on cash invested stands at 52.82% in year one. Equity gained on principal adds $2,573/yr while 5% annual appreciation supports $110,153 over five years. Portfolio math shows five-year ROI at 280.04% and total cumulative return in cash at $370,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,308/mo property income against a $1,951/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7,840 sqft lot
$N/A/sqft
$164 quarterly HOA
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Nearby investment properties with comparable prices
Listed by: Cathy I Henderson • Great Lakes Real Estate Agency LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240050492
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-15 07:05:33 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702