49383 Chase WayMattawanMI49071
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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 Mattawan at 49383 Chase Way, Mattawan, MI, 49071 uses $119,009 cash to close to unlock $4,688/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $2,758/mo, and a $1,757/mo payment keeps the spread at $391/mo. Purchase price stands at $359,000, and rental yield measures 9.22% with $2,758/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 124.5% and total cumulative return in cash records $148,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,758/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49071, Mattawan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 3,469 (85.0%) |
| Renter Occupied HU | 437 (10.7%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $284,983 |
| Average Home Value | $339,384 |
Housing Distribution
Address Breakdown
Residential
4,289
Single Family
4,241
Multi-Family
48
Businesses
225
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