5035 Skelton RdColumbiavilleMI48421
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
Rental property for sale in Columbiaville at 5035 Skelton Rd, Columbiaville, MI, 48421 generates $3,787/mo in rent and, after a $2,104/mo payment, leaves $952/mo in cash flow. Total monthly income is $3,787/mo, and annual cash flow is $11,426/yr on $142,512 invested. Return on cash invested sits at 27.93% in year one, and rental yield is 10.57% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 146.4% and total cumulative return in cash sums $208,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,787/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
10.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48421, Columbiaville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,859 (100%) |
| Owner Occupied HU | 2,356 (82.4%) |
| Renter Occupied HU | 241 ( 8.4%) |
| Vacant Housing Units | 262 ( 9.2%) |
| Median Home Value | $233,601 |
| Average Home Value | $259,920 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,702
Multi-Family
24
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arben Taho • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50189351