428 E Caspian AveCaspianMI49915
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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 Caspian at 428 E Caspian Ave, Caspian, MI, 49915 listed at $124,900 pairs $985/mo rent with a $611/mo payment to leave $162/mo cash flow. Total monthly income runs $985/mo, and annual cash flow reaches $1,940/yr on $41,404 cash to close. Return on cash invested measures 24.59% in year one, and rental yield registers 9.46% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 128.5% and total cumulative return in cash totals $53,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $985/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49915, Caspian, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 258 (61.4%) |
| Renter Occupied HU | 91 (21.7%) |
| Vacant Housing Units | 71 (16.9%) |
| Median Home Value | $105,488 |
| Average Home Value | $180,320 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
25
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