5712 E 24th StChaseMI49623
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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 Chase at 5712 E 24th St, Chase, MI, 49623 generates $1,710/mo in rent and, after a $783/mo payment, leaves $655/mo in cash flow. Total monthly income is $1,710/mo, and annual cash flow is $7,862/yr on $53,007 invested. Return on cash invested sits at 34.74% in year one, and rental yield is 12.83% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 183% and total cumulative return in cash sums $97,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,710/mo property income rather than buyer’s personal income.
Manufactured
Built in 1990
10.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49623, Chase, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 477 (60.6%) |
| Renter Occupied HU | 65 ( 8.3%) |
| Vacant Housing Units | 245 (31.1%) |
| Median Home Value | $151,786 |
| Average Home Value | $209,581 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
477
Multi-Family
0
Businesses
11
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