509 W Chicago StJonesvilleMI49250
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 Jonesville at 509 W Chicago St, Jonesville, MI, 49250 priced at $299,900 converts $2,402/mo rent into $424/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,402/mo, and annual cash flow totals $5,090/yr on $99,417 invested. Return on cash invested prints 25.03% in year one, and rental yield reads 9.61% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 130.86% and total cumulative return in cash sums $130,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,402/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1862
3.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49250, Jonesville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,553 (100%) |
| Owner Occupied HU | 1,922 (75.3%) |
| Renter Occupied HU | 433 (17.0%) |
| Vacant Housing Units | 198 ( 7.8%) |
| Median Home Value | $174,771 |
| Average Home Value | $201,833 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,262
Multi-Family
174
Businesses
186
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Nearby investment properties with comparable prices
Listed by: Grace Roberts Elevate Team • Michigan Top Producers
Mls Name: MichRIC
Mls Provider:
Mls ID: #25043183
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.