586 Delaware St #586BellevilleMI48111
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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 Belleville at 586 Delaware St #586, Belleville, MI, 48111 generates $878/mo in rent and, after a $538/mo payment, leaves $153/mo in cash flow. Total monthly income is $878/mo, and annual cash flow is $1,838/yr on $36,432 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 9.59% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 130.58% and total cumulative return in cash sums $47,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $878/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48111, Belleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,990 (100%) |
| Owner Occupied HU | 13,158 (65.8%) |
| Renter Occupied HU | 5,714 (28.6%) |
| Vacant Housing Units | 1,118 ( 5.6%) |
| Median Home Value | $271,917 |
| Average Home Value | $286,480 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
17,138
Multi-Family
2,835
Businesses
655
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Listed by: Sean Barr • Holiday West
Mls Name: My State MLS
Mls ID: #11116612