5489 Fairview StStevensvilleMI49127
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 Stevensville at 5489 Fairview St, Stevensville, MI, 49127 generates $5,717/mo in rent and, after a $2,668/mo payment, leaves $2,123/mo in cash flow. Total monthly income is $5,717/mo, and annual cash flow is $25,470/yr on $179,305 invested. Return on cash invested sits at 34.27% in year one, and rental yield is 12.59% on a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 180.34% and total cumulative return in cash sums $323,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,717/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49127, Stevensville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,035 (100%) |
| Owner Occupied HU | 3,665 (72.8%) |
| Renter Occupied HU | 825 (16.4%) |
| Vacant Housing Units | 545 (10.8%) |
| Median Home Value | $339,340 |
| Average Home Value | $402,919 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,883
Multi-Family
79
Businesses
409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Jardine • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24045979
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.