62407 Cond DrJonesMI49061
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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 Jones at 62407 Cond Dr, Jones, MI, 49061 uses $115,992 cash to close to unlock $41,222/yr annual cash flow and $3,435/mo monthly cash flow. Total monthly income runs $5,743/mo, and a $1,713/mo payment keeps the spread at $3,435/mo. Purchase price stands at $349,900, and rental yield measures 19.7% with $5,743/mo rent. Return on cash invested shows 55.45% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 293.97% and total cumulative return in cash records $340,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,743/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49061, Jones, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 871 (100%) |
| Owner Occupied HU | 600 (68.9%) |
| Renter Occupied HU | 91 (10.4%) |
| Vacant Housing Units | 180 (20.7%) |
| Median Home Value | $247,222 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
666
Multi-Family
0
Businesses
28
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