6050 Adaway Ct SEAdaMI49301
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
Rental property for sale in Ada at 6050 Adaway Ct SE, Ada, MI, 49301 generates $3,108/mo in rent, after a $2,325/mo payment. Total monthly income is $3,108/mo. Return on cash invested sits at 19.72% in year one, and rental yield is 7.85% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 102.38% and total cumulative return in cash sums $161,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,108/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices