502 Claremont StBuchananMI49107
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 Buchanan at 502 Claremont St, Buchanan, MI, 49107 at $347,000 posts ROI 30.49% with $1,014/mo cash flow from $3,302/mo rent. Total monthly income equals $3,302/mo, and annual cash flow records $12,169/yr on $115,031 to close. Return on cash invested measures 30.49% and rental yield reads 11.42% at the current $347,000. Equity gained on principal adds $2,239/yr, and 5% annual appreciation supports $95,870 by year five. Five-year ROI prints 160.14% and total cumulative return in cash totals $184,208.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,302/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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