516 1st StAlphaMI49902
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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 Alpha at 516 1st St, Alpha, MI, 49902 generates $985/mo in rent and, after a $636/mo payment, leaves $128/mo in cash flow. Total monthly income is $985/mo, and annual cash flow is $1,536/yr on $43,095 invested. Return on cash invested sits at 23.47% in year one, and rental yield is 9.09% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 122.44% and total cumulative return in cash sums $52,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $985/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
8,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49902, Alpha, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 71 (100%) |
| Owner Occupied HU | 29 (40.8%) |
| Renter Occupied HU | 5 ( 7.0%) |
| Vacant Housing Units | 37 (52.1%) |
| Median Home Value | $171,875 |
| Average Home Value | $227,069 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
6
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