508 Red Cedar BlvdWilliamstonMI48895
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 Williamston at 508 Red Cedar Blvd, Williamston, MI, 48895 offers $1,203/mo rent that, after a $783/mo payment, leaves $148/mo cash flow. Total monthly income is $1,203/mo, and annual cash flow is $1,778/yr on $53,007 cash. Return on cash invested measures 23.26% in year one, and rental yield stands at 9.03% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 121.44% and total cumulative return in cash reaches $64,374. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,203/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48895, Williamston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,814 (81.0%) |
| Renter Occupied HU | 697 (14.8%) |
| Vacant Housing Units | 199 ( 4.2%) |
| Median Home Value | $344,354 |
| Average Home Value | $358,692 |
Housing Distribution
Address Breakdown
Residential
4,610
Single Family
4,455
Multi-Family
155
Businesses
429
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Nearby investment properties with comparable prices
Listed by: Thornton Realty Team • Coldwell Banker Professionals -Okemos
Mls Name: Greater Lansing AOR
Mls ID: #290242