623 N Wilson StHastingsMI49058
Nearby investment properties with comparable rents
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 Hastings at 623 N Wilson St, Hastings, MI, 49058 priced at $184,000 converts $2,344/mo rent into $1,130/mo cash flow after a $901/mo obligation. Total monthly income equals $2,344/mo, and annual cash flow totals $13,562/yr on $60,996 invested. Return on cash invested prints 42.14% in year one, and rental yield reads 15.29% against a $184,000 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation compiles into $50,836 by year five. Five-year ROI reaches 222.68% and total cumulative return in cash sums $135,829. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,344/mo property income covering a $901/mo payment, not borrower’s personal income.
Single Family
Built in 1932
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
