52931 30th AveBangorMI49013
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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 Bangor at 52931 30th Ave, Bangor, MI, 49013 uses $38,123 cash to close to unlock $1,950/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $921/mo, and a $563/mo payment keeps the spread at $163/mo. Purchase price stands at $115,000, and rental yield measures 9.61% with $921/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 130.88% and total cumulative return in cash records $49,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $921/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
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