4070 Wood RdRives JunctionMI49277
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
Rental property for sale in Rives Junction at 4070 Wood Rd, Rives Junction, MI, 49277 priced at $185,000 pairs $2,353/mo rent with $1,134/mo cash flow after a $905/mo payment. Total monthly income equals $2,353/mo, and annual cash flow comes to $13,602/yr on $61,328 invested. Return on cash invested is 42.09% in year one, and rental yield stands at 15.26% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 222.34% and total cumulative return in cash reaches $136,359. For financing, Ziffy Mortgage’s DSCR program evaluates $2,353/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49277, Rives Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,359 (100%) |
| Owner Occupied HU | 1,201 (88.4%) |
| Renter Occupied HU | 92 ( 6.8%) |
| Vacant Housing Units | 66 ( 4.9%) |
| Median Home Value | $261,993 |
| Average Home Value | $280,718 |
Housing Distribution
Address Breakdown
Residential
1,250
Single Family
1,250
Multi-Family
0
Businesses
35
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Listed by: Greg Uihlein • Howard Hanna Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24061351
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.