607 N Ionia StAlbionMI49224
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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 Albion at 607 N Ionia St, Albion, MI, 49224 priced at $157,900 converts $1,127/mo rent into $86/mo cash flow after a $773/mo obligation. Total monthly income equals $1,127/mo, and annual cash flow totals $1,027/yr on $52,344 invested. Return on cash invested prints 21.87% in year one, and rental yield reads 8.56% against a $157,900 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation compiles into $43,625 by year five. Five-year ROI reaches 113.92% and total cumulative return in cash sums $59,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,127/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1910
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
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