639 W Woodlawn AveHastingsMI49058
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
Investment property for sale in Hastings at 639 W Woodlawn Ave, Hastings, MI, 49058 earns $247/mo cash flow from $2,476/mo rent with a $1,517/mo payment. Total monthly income totals $2,476/mo, and annual cash flow totals $2,964/yr on $102,765 capital. ROI tracks 22.79% on current figures, and rental yield reads 9.58% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 119.6% and total cumulative return in cash sums $122,911. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,476/mo property income instead of your personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$185 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
