505 E Chapin StCadillacMI49601
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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 Cadillac at 505 E Chapin St, Cadillac, MI, 49601 at $277,500 posts ROI 25.14% with $401/mo cash flow from $2,231/mo rent. Total monthly income equals $2,231/mo, and annual cash flow records $4,815/yr on $91,991 to close. Return on cash invested measures 25.14% and rental yield reads 9.65% at the current $277,500. Equity gained on principal adds $1,791/yr, and 5% annual appreciation supports $76,668 by year five. Five-year ROI prints 131.48% and total cumulative return in cash totals $120,952.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,231/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1905
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
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