505 Crandall StAlbionMI49224
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 Albion at 505 Crandall St, Albion, MI, 49224 priced at $149,900 pairs $1,556/mo rent with $567/mo cash flow after a $734/mo payment. Total monthly income equals $1,556/mo, and annual cash flow comes to $6,806/yr on $49,692 invested. Return on cash invested is 33.61% in year one, and rental yield stands at 12.46% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 176.91% and total cumulative return in cash reaches $87,911. For financing, Ziffy Mortgage’s DSCR program evaluates $1,556/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
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