5359 Woodmont DrPortageMI49002
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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 Portage at 5359 Woodmont Dr, Portage, MI, 49002 priced at $450,000 converts $5,321/mo rent into $2,353/mo cash flow after a $2,203/mo obligation. Total monthly income equals $5,321/mo, and annual cash flow totals $28,236/yr on $149,175 invested. Return on cash invested prints 38.84% in year one, and rental yield reads 14.19% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 204.86% and total cumulative return in cash sums $305,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,321/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49002, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,137 (100%) |
| Owner Occupied HU | 6,111 (66.9%) |
| Renter Occupied HU | 2,675 (29.3%) |
| Vacant Housing Units | 351 ( 3.8%) |
| Median Home Value | $280,228 |
| Average Home Value | $316,779 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
7,964
Multi-Family
1,050
Businesses
956
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