450 E Michigan AveHesperiaMI49421
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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 Hesperia at 450 E Michigan Ave, Hesperia, MI, 49421 earns $535/mo cash flow from $1,985/mo rent with a $1,076/mo payment. Total monthly income totals $1,985/mo, and annual cash flow totals $6,422/yr on $72,897 capital. ROI tracks 28.72% on current figures, and rental yield reads 10.83% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 150.66% and total cumulative return in cash sums $109,828. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,985/mo property income instead of your personal income.
Single Family
Built in 1976
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49421, Hesperia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 2,022 (68.2%) |
| Renter Occupied HU | 326 (11.0%) |
| Vacant Housing Units | 615 (20.8%) |
| Median Home Value | $173,111 |
| Average Home Value | $207,914 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,307
Multi-Family
129
Businesses
70
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