59582 24th AveBangorMI49013
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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 Bangor at 59582 24th Ave, Bangor, MI, 49013 listed at $311,000 pairs $736/mo rent with a $1,522/mo payment. Total monthly income runs $736/mo. Return on cash invested measures 4.61% in year one, and rental yield registers 2.84% at a $311,000 basis. Equity gained on principal adds $2,007/yr, and annual property appreciation at 5% supports $85,924 by year five. Five-year ROI tracks 21.34% and total cumulative return in cash totals $22,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $736/mo property income relative to a $1,522/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
3.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
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