59530 North AveRay TwpMI48096
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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 Ray Twp at 59530 North Ave, Ray Twp, MI, 48096 listed at $353,000 pairs $2,065/mo rent with a $1,728/mo payment. Total monthly income runs $2,065/mo. Return on cash invested measures 17.21% in year one, and rental yield registers 7.02% at a $353,000 basis. Equity gained on principal adds $2,278/yr, and annual property appreciation at 5% supports $97,527 by year five. Five-year ROI tracks 88.9% and total cumulative return in cash totals $104,036. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,065/mo property income relative to a $1,728/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
8.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48096, Ray, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,360 (88.6%) |
| Renter Occupied HU | 111 ( 7.2%) |
| Vacant Housing Units | 64 ( 4.2%) |
| Median Home Value | $456,383 |
| Average Home Value | $487,943 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,560
Multi-Family
0
Businesses
59
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