652 E North StHastingsMI49058
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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 652 E North St, Hastings, MI, 49058 listed at $311,000 pairs $2,773/mo rent with a $1,522/mo payment to leave $721/mo cash flow. Total monthly income runs $2,773/mo, and annual cash flow reaches $8,658/yr on $103,097 cash to close. Return on cash invested measures 28.31% in year one, and rental yield registers 10.7% at a $311,000 basis. Equity gained on principal adds $2,007/yr, and annual property appreciation at 5% supports $85,924 by year five. Five-year ROI tracks 148.43% and total cumulative return in cash totals $153,021. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,773/mo property income relative to a $1,522/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.27 Acres lot
$N/A/sqft
$10 annually 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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