61395 N Main StJonesMI49061
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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 Jones at 61395 N Main St, Jones, MI, 49061 generates $2,086/mo in rent and, after a $905/mo payment, leaves $867/mo in cash flow. Total monthly income is $2,086/mo, and annual cash flow is $10,398/yr on $61,328 invested. Return on cash invested sits at 36.86% in year one, and rental yield is 13.53% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 194.34% and total cumulative return in cash sums $119,187. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,086/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49061, Jones, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 871 (100%) |
| Owner Occupied HU | 600 (68.9%) |
| Renter Occupied HU | 91 (10.4%) |
| Vacant Housing Units | 180 (20.7%) |
| Median Home Value | $247,222 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
666
Multi-Family
0
Businesses
28
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