483 Seneca Ridge Dr #5MiddlevilleMI49333
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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 Middleville at 483 Seneca Ridge Dr #5, Middleville, MI, 49333 offers $4,933/mo rent that, after a $1,957/mo payment, leaves $2,296/mo cash flow. Total monthly income is $4,933/mo, and annual cash flow is $27,554/yr on $132,567 cash. Return on cash invested measures 40.69% in year one, and rental yield stands at 14.8% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 214.86% and total cumulative return in cash reaches $284,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,933/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49333, Middleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,474 (100%) |
| Owner Occupied HU | 4,393 (80.3%) |
| Renter Occupied HU | 717 (13.1%) |
| Vacant Housing Units | 364 ( 6.6%) |
| Median Home Value | $317,795 |
| Average Home Value | $363,773 |
Housing Distribution
Address Breakdown
Residential
5,147
Single Family
4,969
Multi-Family
178
Businesses
199
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Listed by: Ginger Baxter • Keller Williams GR North
Mls Name: MichRIC
Mls Provider:
Mls ID: #23141594
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.