613 1st StJacksonMI49203
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 Jackson at 613 1st St, Jackson, MI, 49203 priced at $115,000 converts $1,193/mo rent into $435/mo cash flow after a $563/mo obligation. Total monthly income equals $1,193/mo, and annual cash flow totals $5,214/yr on $38,123 invested. Return on cash invested prints 33.59% in year one, and rental yield reads 12.45% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 176.8% and total cumulative return in cash sums $67,401. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,193/mo property income covering a $563/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49203, Jackson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,499 (100%) |
| Owner Occupied HU | 10,959 (66.4%) |
| Renter Occupied HU | 4,458 (27.0%) |
| Vacant Housing Units | 1,082 ( 6.6%) |
| Median Home Value | $174,622 |
| Average Home Value | $219,233 |
Housing Distribution
Address Breakdown
Residential
15,844
Single Family
14,913
Multi-Family
931
Businesses
814
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Nearby investment properties with comparable prices
Listed by: Elizabeth McGee • Real Broker LLC
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283795
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS