4144 Ridge Rd APT 27StevensvilleMI49127
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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
Total monthly income runs $1,649/mo, and a $1,456/mo payment. Purchase price stands at $297,500, and rental yield measures 6.65% with $1,649/mo rent. Return on cash invested shows 9.55% in year one, and 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 50.2% and total cumulative return in cash records $49,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,649/mo property income covering a $1,456/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$539 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49127, Stevensville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,035 (100%) |
| Owner Occupied HU | 3,665 (72.8%) |
| Renter Occupied HU | 825 (16.4%) |
| Vacant Housing Units | 545 (10.8%) |
| Median Home Value | $339,340 |
| Average Home Value | $402,919 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,883
Multi-Family
79
Businesses
409
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Listed by: Heidi L Heimbuch • Jaqua, REALTORS
Mls Name: MichRIC
Mls Provider:
Mls ID: #25010425
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.