608 E Bellevue StLeslieMI49251
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 Leslie at 608 E Bellevue St, Leslie, MI, 49251 offers $2,041/mo rent that, after a $634/mo payment, leaves $1,027/mo cash flow. Total monthly income is $2,041/mo, and annual cash flow is $12,324/yr on $42,929 cash. Return on cash invested measures 48.62% in year one, and rental yield stands at 18.91% at a $129,500 entry. Equity gained on principal adds $836/yr while 5% annual appreciation compounds into $35,778 by year five. Five-year ROI records 259.04% and total cumulative return in cash reaches $111,206. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,041/mo property income versus a $634/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49251, Leslie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 2,147 (81.6%) |
| Renter Occupied HU | 342 (13.0%) |
| Vacant Housing Units | 141 ( 5.4%) |
| Median Home Value | $241,615 |
| Average Home Value | $265,642 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,274
Multi-Family
31
Businesses
117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
