616 W North StTekonshaMI49092
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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
Investment property for sale in Tekonsha at 616 W North St, Tekonsha, MI, 49092 uses $66,267 cash to close to unlock $3,470/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,607/mo, and a $978/mo payment keeps the spread at $289/mo. Purchase price stands at $199,900, and rental yield measures 9.65% with $1,607/mo rent. Return on cash invested shows 25.15% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash records $87,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,607/mo property income covering a $978/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49092, Tekonsha, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 954 (100%) |
| Owner Occupied HU | 741 (77.7%) |
| Renter Occupied HU | 130 (13.6%) |
| Vacant Housing Units | 83 ( 8.7%) |
| Median Home Value | $221,067 |
| Average Home Value | $256,717 |
Housing Distribution
Address Breakdown
Residential
798
Single Family
798
Multi-Family
0
Businesses
50
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