619 Circle Ridge DrBuchananMI49107
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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 Buchanan at 619 Circle Ridge Dr, Buchanan, MI, 49107 uses $99,417 cash to close to unlock $350/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $2,007/mo, and a $1,468/mo payment keeps the spread at $29/mo. Purchase price stands at $299,900, and rental yield measures 8.03% with $2,007/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 105.29% and total cumulative return in cash records $104,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,007/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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