502 Carriage DrTecumsehMI49286
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 Tecumseh at 502 Carriage Dr, Tecumseh, MI, 49286 with 5% annual appreciation on a $230,000 basis while $1,864/mo rent supports operations. Total monthly income totals $1,864/mo and a $1,126/mo payment preserves $347/mo for cash returns. Annual cash flow comes to $4,164/yr on $76,245 deployed, and return on cash invested reaches 25.37% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 9.73%. Five-year ROI measures 132.65% and total cumulative return in cash totals $101,143.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,864/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices