408 W Burr Oak StCentrevilleMI49032
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 Centreville at 408 W Burr Oak St, Centreville, MI, 49032 priced at $174,900 pairs $1,377/mo rent with $112/mo cash flow after a $856/mo payment. Total monthly income equals $1,377/mo, and annual cash flow comes to $1,350/yr on $57,979 invested. Return on cash invested is 22.24% in year one, and rental yield stands at 9.45% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 116.73% and total cumulative return in cash reaches $67,680. For financing, Ziffy Mortgage’s DSCR program evaluates $1,377/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49032, Centreville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 846 (75.8%) |
| Renter Occupied HU | 191 (17.1%) |
| Vacant Housing Units | 79 ( 7.1%) |
| Median Home Value | $215,546 |
| Average Home Value | $239,232 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
896
Multi-Family
52
Businesses
124
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Nearby investment properties with comparable prices
Listed by: Patty J Baba • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25006706
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.