5541 Vincent RdNorth StreetMI48049
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
Investment property for sale in North Street at 5541 Vincent Rd, North Street, MI, 48049 offers a 8.1% rental yield on a $399,000 purchase with $2,692/mo rent. Total monthly income registers $2,692/mo, and a $1,953/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $728/yr on $132,269 to close, and return on cash invested stands at 20.46% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 106.33% and total cumulative return in cash at $140,642. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,692/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
20.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48049, North Street, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,178 (100%) |
| Owner Occupied HU | 1,956 (89.8%) |
| Renter Occupied HU | 155 ( 7.1%) |
| Vacant Housing Units | 67 ( 3.1%) |
| Median Home Value | $267,787 |
| Average Home Value | $279,720 |
Housing Distribution
Address Breakdown
Residential
2,150
Single Family
2,150
Multi-Family
0
Businesses
40
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Listed by: Marjorie E Kopp • Berkshire Hathaway HomeServices Kee Realty J Wine
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50193556
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