601 Wright AveAlmaMI48801
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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 Alma at 601 Wright Ave, Alma, MI, 48801 priced at $195,800 pairs $1,685/mo rent with $394/mo cash flow after a $958/mo payment. Total monthly income equals $1,685/mo, and annual cash flow comes to $4,730/yr on $64,908 invested. Return on cash invested is 27.2% in year one, and rental yield stands at 10.33% on a $195,800 basis. Equity gained on principal adds $1,263/yr, and 5% annual appreciation accumulates to $54,096 by year five. Five-year ROI measures 142.52% and total cumulative return in cash reaches $92,505. For financing, Ziffy Mortgage’s DSCR program evaluates $1,685/mo property income against a $958/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48801, Alma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,977 (100%) |
| Owner Occupied HU | 3,219 (64.7%) |
| Renter Occupied HU | 1,374 (27.6%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $135,782 |
| Average Home Value | $176,817 |
Housing Distribution
Address Breakdown
Residential
4,884
Single Family
4,551
Multi-Family
333
Businesses
504
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