515 W Randall StCoopersvilleMI49404
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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 Coopersville at 515 W Randall St, Coopersville, MI, 49404 priced at $199,000 pairs $1,576/mo rent with $264/mo cash flow after a $974/mo payment. Total monthly income equals $1,576/mo, and annual cash flow comes to $3,164/yr on $65,969 invested. Return on cash invested is 24.71% in year one, and rental yield stands at 9.5% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 129.09% and total cumulative return in cash reaches $85,158. For financing, Ziffy Mortgage’s DSCR program evaluates $1,576/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Marcela G Diaz • RE/MAX SunQuest Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24054198
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.