513 E Madison StHastingsMI49058
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 Hastings at 513 E Madison St, Hastings, MI, 49058 priced at $184,000 pairs $1,801/mo rent with $587/mo cash flow after a $901/mo payment. Total monthly income equals $1,801/mo, and annual cash flow comes to $7,046/yr on $60,996 invested. Return on cash invested is 31.46% in year one, and rental yield stands at 11.75% on a $184,000 basis. Equity gained on principal adds $1,187/yr, and 5% annual appreciation accumulates to $50,836 by year five. Five-year ROI measures 165.4% and total cumulative return in cash reaches $100,885. For financing, Ziffy Mortgage’s DSCR program evaluates $1,801/mo property income against a $901/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1928
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
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