463 Wright StJonesvilleMI49250
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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 Jonesville at 463 Wright St, Jonesville, MI, 49250 uses $42,764 cash to close to unlock $1,724/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $994/mo, and a $631/mo payment keeps the spread at $144/mo. Purchase price stands at $129,000, and rental yield measures 9.25% with $994/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 125.04% and total cumulative return in cash records $53,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49250, Jonesville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,553 (100%) |
| Owner Occupied HU | 1,922 (75.3%) |
| Renter Occupied HU | 433 (17.0%) |
| Vacant Housing Units | 198 ( 7.8%) |
| Median Home Value | $174,771 |
| Average Home Value | $201,833 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,262
Multi-Family
174
Businesses
186
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Listed by: Scott Fader • Joseph Walter Realty LLC
Mls Name: MiRealSource
Mls ID: #50197883