516 S Moorland RdRavennaMI49451
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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 Ravenna at 516 S Moorland Rd, Ravenna, MI, 49451 priced at $349,000 converts $1,837/mo rent into after a $1,708/mo obligation. Total monthly income equals $1,837/mo. Return on cash invested prints 15.09% in year one, and rental yield reads 6.32% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 77.55% and total cumulative return in cash sums $89,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,837/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1954
4.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49451, Ravenna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,211 (100%) |
| Owner Occupied HU | 1,916 (86.7%) |
| Renter Occupied HU | 208 ( 9.4%) |
| Vacant Housing Units | 87 ( 3.9%) |
| Median Home Value | $269,377 |
| Average Home Value | $315,956 |
Housing Distribution
Address Breakdown
Residential
2,313
Single Family
2,229
Multi-Family
84
Businesses
116
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