51395 Shorts RdLeonidasMI49066
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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
Investment property for sale in Leonidas at 51395 Shorts Rd, Leonidas, MI, 49066 uses $53,040 cash to close to unlock $2,064/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $1,227/mo, and a $783/mo payment keeps the spread at $172/mo. Purchase price stands at $160,000, and rental yield measures 9.2% with $1,227/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 124.21% and total cumulative return in cash records $65,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,227/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49066, Leonidas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 293 (100%) |
| Owner Occupied HU | 217 (74.1%) |
| Renter Occupied HU | 44 (15.0%) |
| Vacant Housing Units | 32 (10.9%) |
| Median Home Value | $225,500 |
| Average Home Value | $406,763 |
Housing Distribution
Address Breakdown
Residential
224
Single Family
224
Multi-Family
0
Businesses
10
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