4150 Ridge Rd APT 18StevensvilleMI49127
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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 Stevensville at 4150 Ridge Rd APT 18, Stevensville, MI, 49127 offers a 10.11% rental yield on a $215,000 purchase with $1,812/mo rent. 82% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 105.33% and total cumulative return in cash at $75,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,812/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
$400 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: Christine Norland • Jaqua Realtors
Mls Name: MichRIC
Mls Provider:
Mls ID: #24045037
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.