521 N Michigan AveBig RapidsMI49307
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Nearby investment properties with comparable prices
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 Big Rapids at 521 N Michigan Ave, Big Rapids, MI, 49307 offers $1,175/mo rent that, after a $734/mo payment, leaves $186/mo cash flow. Total monthly income is $1,175/mo, and annual cash flow is $2,232/yr on $49,725 cash. Return on cash invested measures 24.4% in year one, and rental yield stands at 9.4% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 127.43% and total cumulative return in cash reaches $63,366. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,175/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
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Listed by: Britton Curtiss • Bellabay Realty (SW)
Mls Name: MichRIC
Mls ID: #25055410