59559 Ravenna DrMattawanMI49071
Nearby investment properties with comparable rents
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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 Mattawan at 59559 Ravenna Dr, Mattawan, MI, 49071 generates $2,693/mo in rent and, after a $1,556/mo payment, leaves $566/mo in cash flow. Total monthly income is $2,693/mo, and annual cash flow is $6,797/yr on $105,417 invested. Return on cash invested sits at 26.36% in year one, and rental yield is 10.16% on a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 138.09% and total cumulative return in cash sums $145,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,693/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.27 Acres lot
$N/A/sqft
$90 quarterly 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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