45 Longmeadow LnNilesMI49120
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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 Niles at 45 Longmeadow Ln, Niles, MI, 49120 priced at $589,900 converts $4,087/mo rent into $197/mo cash flow after a $2,887/mo obligation. Total monthly income equals $4,087/mo, and annual cash flow totals $2,366/yr on $194,077 invested. Return on cash invested prints 21.28% in year one, and rental yield reads 8.31% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 110.71% and total cumulative return in cash sums $214,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,087/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Single Family
Built in 2007
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49120, Niles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,517 (100%) |
| Owner Occupied HU | 11,816 (71.5%) |
| Renter Occupied HU | 3,504 (21.2%) |
| Vacant Housing Units | 1,197 ( 7.2%) |
| Median Home Value | $196,962 |
| Average Home Value | $257,729 |
Housing Distribution
Address Breakdown
Residential
15,849
Single Family
14,815
Multi-Family
1,034
Businesses
1,035
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