57383 Kingdon DrMattawanMI49071
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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 Mattawan at 57383 Kingdon Dr, Mattawan, MI, 49071 uses $86,190 cash to close to unlock $1,716/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $1,273/mo payment keeps the spread at $143/mo. Purchase price stands at $260,000, and rental yield measures 8.58% with $1,858/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 114.03% and total cumulative return in cash records $98,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49071, Mattawan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 3,469 (85.0%) |
| Renter Occupied HU | 437 (10.7%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $284,983 |
| Average Home Value | $339,384 |
Housing Distribution
Address Breakdown
Residential
4,289
Single Family
4,241
Multi-Family
48
Businesses
225
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