457 W Abbey Mill Dr SEAdaMI49301
Nearby investment properties with comparable rents
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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 Ada at 457 W Abbey Mill Dr SE, Ada, MI, 49301 offers $2,849/mo rent that, after a $2,315/mo payment. Total monthly income is $2,849/mo. Return on cash invested measures 14.72% in year one, and rental yield stands at 7.23% at a $473,000 entry. Equity gained on principal adds $3,052/yr while 5% annual appreciation compounds into $130,681 by year five. Five-year ROI records 76.67% and total cumulative return in cash reaches $120,219. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,849/mo property income versus a $2,315/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2016
1 Acres lot
$N/A/sqft
$408 monthly 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
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