510 Clark StBig RapidsMI49307
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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
Rental property for sale in Big Rapids at 510 Clark St, Big Rapids, MI, 49307 priced at $249,000 pairs $1,200/mo rent with after a $1,219/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 13.48% in year one, and rental yield stands at 5.78% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 68.89% and total cumulative return in cash reaches $56,864. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Laura Veersma • Big Rapids Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24036327
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.