400 E Michigan AveHesperiaMI49421
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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 Hesperia at 400 E Michigan Ave, Hesperia, MI, 49421 offers $1,369/mo rent that, after a $854/mo payment, leaves $219/mo cash flow. Total monthly income is $1,369/mo, and annual cash flow is $2,622/yr on $57,814 cash. Return on cash invested measures 24.44% in year one, and rental yield stands at 9.42% at a $174,400 entry. Equity gained on principal adds $1,125/yr while 5% annual appreciation compounds into $48,184 by year five. Five-year ROI records 127.75% and total cumulative return in cash reaches $73,859. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,369/mo property income versus a $854/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49421, Hesperia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 2,022 (68.2%) |
| Renter Occupied HU | 326 (11.0%) |
| Vacant Housing Units | 615 (20.8%) |
| Median Home Value | $173,111 |
| Average Home Value | $207,914 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,307
Multi-Family
129
Businesses
70
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