59 Reading AveHillsdaleMI49242
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 Hillsdale at 59 Reading Ave, Hillsdale, MI, 49242 priced at $144,400 pairs $1,138/mo rent with $186/mo cash flow after a $707/mo payment. Total monthly income equals $1,138/mo, and annual cash flow comes to $2,226/yr on $47,869 invested. Return on cash invested is 24.56% in year one, and rental yield stands at 9.46% on a $144,400 basis. Equity gained on principal adds $932/yr, and 5% annual appreciation accumulates to $39,895 by year five. Five-year ROI measures 128.38% and total cumulative return in cash reaches $61,452. For financing, Ziffy Mortgage’s DSCR program evaluates $1,138/mo property income against a $707/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49242, Hillsdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,762 (100%) |
| Owner Occupied HU | 4,061 (60.1%) |
| Renter Occupied HU | 1,845 (27.3%) |
| Vacant Housing Units | 856 (12.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $226,490 |
Housing Distribution
Address Breakdown
Residential
6,129
Single Family
5,552
Multi-Family
577
Businesses
570
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