6229 E Bay LnRichlandMI49083
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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 Richland at 6229 E Bay Ln, Richland, MI, 49083 with 5% annual appreciation on a $674,900 basis while $5,377/mo rent supports operations. Total monthly income totals $5,377/mo and a $3,303/mo payment preserves $767/mo for cash returns. Annual cash flow comes to $9,200/yr on $222,042 deployed, and return on cash invested reaches 24.2% in year one. Equity gained on principal adds $4,355/yr, and five-year appreciation sums $186,462 alongside rental yield of 9.56%. Five-year ROI measures 126.69% and total cumulative return in cash totals $281,299.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,377/mo property income versus a $3,303/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
0.80 Acres lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49083, Richland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,673 (100%) |
| Owner Occupied HU | 2,924 (79.6%) |
| Renter Occupied HU | 443 (12.1%) |
| Vacant Housing Units | 306 ( 8.3%) |
| Median Home Value | $365,950 |
| Average Home Value | $516,858 |
Housing Distribution
Address Breakdown
Residential
3,380
Single Family
3,296
Multi-Family
84
Businesses
281
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