637 W Woodlawn AveHastingsMI49058
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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 Hastings at 637 W Woodlawn Ave, Hastings, MI, 49058 listed at $199,000 pairs $2,494/mo rent with a $974/mo payment to leave $992/mo cash flow. Total monthly income runs $2,494/mo, and annual cash flow reaches $11,900/yr on $65,969 cash to close. Return on cash invested measures 37.95% in year one, and rental yield registers 15.04% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 201.38% and total cumulative return in cash totals $132,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,494/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A lot
$N/A/sqft
$190 monthly 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
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