502 N Maple StIthacaMI48847
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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 Ithaca at 502 N Maple St, Ithaca, MI, 48847 uses $46,410 cash to close to unlock $2,292/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,114/mo, and a $685/mo payment keeps the spread at $191/mo. Purchase price stands at $140,000, and rental yield measures 9.55% with $1,114/mo rent. Return on cash invested shows 24.85% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash records $60,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,114/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48847, Ithaca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,615 (100%) |
| Owner Occupied HU | 1,866 (71.4%) |
| Renter Occupied HU | 523 (20.0%) |
| Vacant Housing Units | 226 ( 8.6%) |
| Median Home Value | $169,856 |
| Average Home Value | $200,805 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,462
Multi-Family
66
Businesses
239
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Listed by: Jurnie Havens • RESULTS REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931047
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.