534 Elmwood LnColumbusMI48063
Nearby investment properties with comparable rents
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 Columbus at 534 Elmwood Ln, Columbus, MI, 48063 priced at $109,900 pairs $2,083/mo rent with $1,358/mo cash flow after a $538/mo payment. Total monthly income equals $2,083/mo, and annual cash flow comes to $16,298/yr on $36,432 invested. Return on cash invested is 64.64% in year one, and rental yield stands at 22.74% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 343.36% and total cumulative return in cash reaches $125,092. For financing, Ziffy Mortgage’s DSCR program evaluates $2,083/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2024
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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