6058 W Eighteen Mile RdBitelyMI49309
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 Bitely at 6058 W Eighteen Mile Rd, Bitely, MI, 49309 offers a 17.29% rental yield on a $106,900 purchase with $1,540/mo rent. Total monthly income registers $1,540/mo, and a $523/mo payment leaves $835/mo available for distribution. Annual cash flow reaches $10,023/yr on $35,437 to close, and return on cash invested stands at 48.19% in year one. Equity gained on principal adds $690/yr while 5% annual appreciation supports $29,535 over five years. Portfolio math shows five-year ROI at 255.15% and total cumulative return in cash at $90,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,540/mo property income against a $523/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1991
8.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
