5492 Prancer Dr SECaledoniaMI49316
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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 Caledonia at 5492 Prancer Dr SE, Caledonia, MI, 49316 generates $1,040/mo in rent and, after a $660/mo payment, leaves $151/mo in cash flow. Total monthly income is $1,040/mo, and annual cash flow is $1,808/yr on $44,719 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9.25% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 125.06% and total cumulative return in cash sums $55,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,040/mo property income rather than buyer’s personal income.
Manufactured
Built in 2017
1,620 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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