6241 Monroe RdOlivetMI49076
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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 Olivet at 6241 Monroe Rd, Olivet, MI, 49076 with 5% annual appreciation on a $450,000 basis while $2,278/mo rent supports operations. 36% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 6.07%. Five-year ROI measures 73.6% and total cumulative return in cash totals $109,794. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,278/mo property income versus a $2,203/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: 49076, Olivet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,550 (100%) |
| Owner Occupied HU | 1,189 (76.7%) |
| Renter Occupied HU | 217 (14.0%) |
| Vacant Housing Units | 144 ( 9.3%) |
| Median Home Value | $256,538 |
| Average Home Value | $284,251 |
Housing Distribution
Address Breakdown
Residential
1,507
Single Family
1,422
Multi-Family
85
Businesses
95
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Listed by: Chelsie DeLong • Keller Williams Realty Lansing-East
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283266
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS