520 E State StHastingsMI49058
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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 Hastings at 520 E State St, Hastings, MI, 49058 with 5% annual appreciation on a $205,000 basis while $1,652/mo rent supports operations. Total monthly income totals $1,652/mo and a $1,003/mo payment preserves $301/mo for cash returns. Annual cash flow comes to $3,606/yr on $67,958 deployed, and return on cash invested reaches 25.22% in year one. Equity gained on principal adds $1,323/yr, and five-year appreciation sums $56,638 alongside rental yield of 9.67%. Five-year ROI measures 131.88% and total cumulative return in cash totals $89,622.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,652/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
7,405 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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