407 S Comstock StAddisonMI49220
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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 Addison at 407 S Comstock St, Addison, MI, 49220 uses $49,725 cash to close to unlock $2,052/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,160/mo, and a $734/mo payment keeps the spread at $171/mo. Purchase price stands at $150,000, and rental yield measures 9.28% with $1,160/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 125.5% and total cumulative return in cash records $62,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,160/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49220, Addison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 908 (66.7%) |
| Renter Occupied HU | 193 (14.2%) |
| Vacant Housing Units | 261 (19.2%) |
| Median Home Value | $280,435 |
| Average Home Value | $323,092 |
Housing Distribution
Address Breakdown
Residential
1,015
Single Family
1,005
Multi-Family
10
Businesses
64
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