446 Adaway Ave SEAdaMI49301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ada at 446 Adaway Ave SE, Ada, MI, 49301 priced at $409,000 converts $2,630/mo rent into after a $2,002/mo obligation. Total monthly income equals $2,630/mo. Return on cash invested prints 19.31% in year one, and rental yield reads 7.72% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 100.18% and total cumulative return in cash sums $135,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,630/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices