47900 W Huron River DrBellevilleMI48111
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
Investment property for sale in Belleville at 47900 W Huron River Dr, Belleville, MI, 48111 earns $430/mo cash flow from $4,519/mo rent with a $3,035/mo payment. Total monthly income totals $4,519/mo, and annual cash flow totals $5,160/yr on $203,980 capital. ROI tracks 22.59% on current figures, and rental yield reads 8.75% at a $620,000 purchase. Equity gained on principal adds $4,001/yr, and 5% annual appreciation supports $171,295 over five years. Five-year ROI reaches 117.71% and total cumulative return in cash sums $240,111. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,519/mo property income instead of your personal income.
Single Family
Built in 1978
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48111, Belleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,990 (100%) |
| Owner Occupied HU | 13,158 (65.8%) |
| Renter Occupied HU | 5,714 (28.6%) |
| Vacant Housing Units | 1,118 ( 5.6%) |
| Median Home Value | $271,917 |
| Average Home Value | $286,480 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
17,138
Multi-Family
2,835
Businesses
655
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Listed by: Dean Lundberg • Preferred, Realtors Ltd
Mls Name: MichRIC
Mls Provider:
Mls ID: #24042231
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.