6335 Six Mile RdEast LeroyMI49051
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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 East Leroy at 6335 Six Mile Rd, East Leroy, MI, 49051 earns $463/mo cash flow from $2,033/mo rent with a $1,165/mo payment. Total monthly income totals $2,033/mo, and annual cash flow totals $5,561/yr on $78,897 capital. ROI tracks 26.96% on current figures, and rental yield reads 10.25% at a $238,000 purchase. Equity gained on principal adds $1,536/yr, and 5% annual appreciation supports $65,755 over five years. Five-year ROI reaches 141.2% and total cumulative return in cash sums $111,406. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,033/mo property income instead of your personal income.
Single Family
Built in 1940
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
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Listed by: Caramia Tasker • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls ID: #25034351