559 E Erie RdTemperanceMI48182
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 Temperance at 559 E Erie Rd, Temperance, MI, 48182 priced at $239,900 converts $1,707/mo rent into $125/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,707/mo, and annual cash flow totals $1,502/yr on $79,527 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 8.54% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 113.57% and total cumulative return in cash sums $90,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,707/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1951
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48182, Temperance, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,855 (100%) |
| Owner Occupied HU | 8,042 (81.6%) |
| Renter Occupied HU | 1,499 (15.2%) |
| Vacant Housing Units | 314 ( 3.2%) |
| Median Home Value | $269,058 |
| Average Home Value | $288,379 |
Housing Distribution
Address Breakdown
Residential
9,133
Single Family
8,790
Multi-Family
343
Businesses
368
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Listed by: Angela Gardiner • The Danberry Company - Temperance
Mls Name: MiRealSource
Mls ID: #50192511