417 Sanborn AveBig RapidsMI49307
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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 Big Rapids at 417 Sanborn Ave, Big Rapids, MI, 49307 listed at $160,000 pairs $1,223/mo rent with a $783/mo payment to leave $168/mo cash flow. Total monthly income runs $1,223/mo, and annual cash flow reaches $2,016/yr on $53,040 cash to close. Return on cash invested measures 23.71% in year one, and rental yield registers 9.17% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 123.74% and total cumulative return in cash totals $65,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,223/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Richard Cook • Kilner Group Realty
Mls Name: MichRIC
Mls ID: #25061523