602 Maplewood DrReed CityMI49677
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
Investment property for sale in Reed City at 602 Maplewood Dr, Reed City, MI, 49677 with 5% annual appreciation on a $221,000 basis while $2,155/mo rent supports operations. Total monthly income totals $2,155/mo and a $1,082/mo payment preserves $697/mo for cash returns. Annual cash flow comes to $8,368/yr on $73,262 deployed, and return on cash invested reaches 31.33% in year one. Equity gained on principal adds $1,426/yr, and five-year appreciation sums $61,058 alongside rental yield of 11.7%. Five-year ROI measures 164.65% and total cumulative return in cash totals $120,625.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,155/mo property income versus a $1,082/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49677, Reed City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,264 (100%) |
| Owner Occupied HU | 2,110 (64.6%) |
| Renter Occupied HU | 620 (19.0%) |
| Vacant Housing Units | 534 (16.4%) |
| Median Home Value | $150,676 |
| Average Home Value | $194,569 |
Housing Distribution
Address Breakdown
Residential
2,875
Single Family
2,714
Multi-Family
161
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
