648 144th AveCaledoniaMI49316
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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 Caledonia at 648 144th Ave, Caledonia, MI, 49316 uses $119,307 cash to close to unlock $2,090/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $1,762/mo payment keeps the spread at $174/mo. Purchase price stands at $359,900, and rental yield measures 8.5% with $2,548/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 112.79% and total cumulative return in cash records $134,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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