507 Illinois DrTecumsehMI49286
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 Tecumseh at 507 Illinois Dr, Tecumseh, MI, 49286 with 5% annual appreciation on a $324,900 basis while $2,452/mo rent supports operations. Total monthly income totals $2,452/mo and a $1,590/mo payment preserves $310/mo for cash returns. Annual cash flow comes to $3,716/yr on $107,704 deployed, and return on cash invested reaches 23.36% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,764 alongside rental yield of 9.06%. Five-year ROI measures 121.89% and total cumulative return in cash totals $131,285.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,452/mo property income versus a $1,590/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices