412 Cherry StThree OaksMI49128
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 Three Oaks at 412 Cherry St, Three Oaks, MI, 49128 priced at $243,000 pairs $1,758/mo rent with $156/mo cash flow after a $1,189/mo payment. Total monthly income equals $1,758/mo, and annual cash flow comes to $1,871/yr on $80,555 invested. Return on cash invested is 22.23% in year one, and rental yield stands at 8.68% on a $243,000 basis. Equity gained on principal adds $1,568/yr, and 5% annual appreciation accumulates to $67,136 by year five. Five-year ROI measures 115.82% and total cumulative return in cash reaches $93,296. For financing, Ziffy Mortgage’s DSCR program evaluates $1,758/mo property income against a $1,189/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49128, Three Oaks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,088 (100%) |
| Owner Occupied HU | 1,284 (61.5%) |
| Renter Occupied HU | 234 (11.2%) |
| Vacant Housing Units | 570 (27.3%) |
| Median Home Value | $319,149 |
| Average Home Value | $402,960 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,701
Multi-Family
41
Businesses
112
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Listed by: Angella German • Coldwell Banker Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000877
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.