3891 W Herbison RdDewittMI48820
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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 Dewitt at 3891 W Herbison Rd, Dewitt, MI, 48820 offers $3,976/mo rent that, after a $1,468/mo payment, leaves $1,998/mo cash flow. Total monthly income is $3,976/mo, and annual cash flow is $23,978/yr on $99,417 cash. Return on cash invested measures 44.03% in year one, and rental yield stands at 15.91% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 232.75% and total cumulative return in cash reaches $231,388. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,976/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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Nearby investment properties with comparable prices
Listed by: Raeanne Mardigian • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #281933
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS