5848 Fostoria RdColumbiavilleMI48421
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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 Columbiaville at 5848 Fostoria Rd, Columbiaville, MI, 48421 generates $1,686/mo in rent and, after a $1,216/mo payment, leaves $48/mo in cash flow. Total monthly income is $1,686/mo, and annual cash flow is $571/yr on $82,378 invested. Return on cash invested sits at 20.6% in year one, and rental yield is 8.14% on a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation builds toward $68,656 over five years. Five-year ROI reaches 107.11% and total cumulative return in cash sums $88,231. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,686/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48421, Columbiaville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,859 (100%) |
| Owner Occupied HU | 2,356 (82.4%) |
| Renter Occupied HU | 241 ( 8.4%) |
| Vacant Housing Units | 262 ( 9.2%) |
| Median Home Value | $233,601 |
| Average Home Value | $259,920 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,702
Multi-Family
24
Businesses
56
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Listed by: Corey Michalski • Living The Dream Real Estate Team
Mls Name: RMLS Multi-List
Mls ID: #869-25-0013