615 W Burnside RdFostoriaMI48435
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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 Fostoria at 615 W Burnside Rd, Fostoria, MI, 48435 offers $1,467/mo rent that, after a $935/mo payment. Total monthly income is $1,467/mo. Return on cash invested measures 19.65% in year one, and rental yield stands at 9.21% at a $191,100 entry. Equity gained on principal adds $1,233/yr while 5% annual appreciation compounds into $52,797 by year five. Five-year ROI records 103.52% and total cumulative return in cash reaches $65,578. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,467/mo property income versus a $935/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48435, Fostoria, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 690 (83.8%) |
| Renter Occupied HU | 83 (10.1%) |
| Vacant Housing Units | 50 ( 6.1%) |
| Median Home Value | $195,000 |
| Average Home Value | $267,290 |
Housing Distribution
Address Breakdown
Residential
754
Single Family
754
Multi-Family
0
Businesses
20
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Nearby investment properties with comparable prices
