550 Kelly RdLeslieMI49251
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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 Leslie at 550 Kelly Rd, Leslie, MI, 49251 at $530,000 posts ROI 30.99% with $1,588/mo cash flow from $5,083/mo rent. Total monthly income equals $5,083/mo, and annual cash flow records $19,056/yr on $174,370 to close. Return on cash invested measures 30.99% and rental yield reads 11.51% at the current $530,000. Equity gained on principal adds $3,420/yr, and 5% annual appreciation supports $146,429 by year five. Five-year ROI prints 162.75% and total cumulative return in cash totals $283,795.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,083/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
10.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49251, Leslie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 2,147 (81.6%) |
| Renter Occupied HU | 342 (13.0%) |
| Vacant Housing Units | 141 ( 5.4%) |
| Median Home Value | $241,615 |
| Average Home Value | $265,642 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,274
Multi-Family
31
Businesses
117
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Listed by: Tracey Hernly & Co. • Howard Hanna Real Estate Executives
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282641
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS