508 E 4th StHerseyMI49639
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 Hersey at 508 E 4th St, Hersey, MI, 49639 priced at $420,000 pairs $2,995/mo rent with $225/mo cash flow after a $2,056/mo payment. Total monthly income equals $2,995/mo, and annual cash flow comes to $2,700/yr on $139,230 invested. Return on cash invested is 21.85% in year one, and rental yield stands at 8.56% on a $420,000 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,038 by year five. Five-year ROI measures 113.76% and total cumulative return in cash reaches $158,395. For financing, Ziffy Mortgage’s DSCR program evaluates $2,995/mo property income against a $2,056/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
4.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49639, Hersey, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,551 (100%) |
| Owner Occupied HU | 993 (64.0%) |
| Renter Occupied HU | 166 (10.7%) |
| Vacant Housing Units | 392 (25.3%) |
| Median Home Value | $165,032 |
| Average Home Value | $201,694 |
Housing Distribution
Address Breakdown
Residential
1,108
Single Family
1,108
Multi-Family
0
Businesses
31
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