529 Elmwood CtColumbusMI48063
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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 Columbus at 529 Elmwood Ct, Columbus, MI, 48063 offers $896/mo rent that, after a $563/mo payment, leaves $138/mo cash flow. Total monthly income is $896/mo, and annual cash flow is $1,650/yr on $38,122 cash. Return on cash invested measures 24.24% in year one, and rental yield stands at 9.35% at a $114,999 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 126.63% and total cumulative return in cash reaches $48,273. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $896/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48063, Columbus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,681 (100%) |
| Owner Occupied HU | 1,433 (85.2%) |
| Renter Occupied HU | 191 (11.4%) |
| Vacant Housing Units | 57 ( 3.4%) |
| Median Home Value | $300,638 |
| Average Home Value | $327,926 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,706
Multi-Family
0
Businesses
32
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