620 W Burr Oak StCentrevilleMI49032
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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 Centreville at 620 W Burr Oak St, Centreville, MI, 49032 with 5% annual appreciation on a $199,900 basis while $1,984/mo rent supports operations. Total monthly income totals $1,984/mo and a $978/mo payment preserves $666/mo for cash returns. Annual cash flow comes to $7,994/yr on $66,267 deployed, and return on cash invested reaches 31.97% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 11.91%. Five-year ROI measures 168.12% and total cumulative return in cash totals $111,409.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,984/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49032, Centreville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 846 (75.8%) |
| Renter Occupied HU | 191 (17.1%) |
| Vacant Housing Units | 79 ( 7.1%) |
| Median Home Value | $215,546 |
| Average Home Value | $239,232 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
896
Multi-Family
52
Businesses
124
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Listed by: Randal Folkers • Sunny Rae Realty, LLC
Mls Name: MichRIC
Mls ID: #25056524