420 S Jeffery AveIthacaMI48847
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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
Rental property for sale in Ithaca at 420 S Jeffery Ave, Ithaca, MI, 48847 offers $2,453/mo rent that, after a $1,150/mo payment, leaves $904/mo cash flow. Total monthly income is $2,453/mo, and annual cash flow is $10,844/yr on $77,869 cash. Return on cash invested measures 33.83% in year one, and rental yield stands at 12.53% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 178.08% and total cumulative return in cash reaches $138,669. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,453/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48847, Ithaca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,615 (100%) |
| Owner Occupied HU | 1,866 (71.4%) |
| Renter Occupied HU | 523 (20.0%) |
| Vacant Housing Units | 226 ( 8.6%) |
| Median Home Value | $169,856 |
| Average Home Value | $200,805 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,462
Multi-Family
66
Businesses
239
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Nearby investment properties with comparable prices
Listed by: Dianne Beard • AMERICA'S CHOICE REALTY LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925065
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.