650 S Haskins StBoonMI49618
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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
Rental property for sale in Boon at 650 S Haskins St, Boon, MI, 49618 generates $1,458/mo in rent, after a $1,174/mo payment. Total monthly income is $1,458/mo. Return on cash invested sits at 18.04% in year one, and rental yield is 7.29% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 93.41% and total cumulative return in cash sums $74,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,458/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49618, Boon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 270 (66.7%) |
| Renter Occupied HU | 45 (11.1%) |
| Vacant Housing Units | 90 (22.2%) |
| Median Home Value | $192,647 |
| Average Home Value | $205,593 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
6
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