6568 N Sandy Ridge DrHopeMI48628
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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 Hope at 6568 N Sandy Ridge Dr, Hope, MI, 48628 earns from $2,047/mo rent with a $1,561/mo payment. Total monthly income totals $2,047/mo. ROI tracks 19.27% on current figures, and rental yield reads 7.7% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 99.96% and total cumulative return in cash sums $105,709. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,047/mo property income instead of your personal income.
Single Family
Built in 1981
3.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
Businesses
22
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Listed by: Jim Swanton • Modern Realty
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50176405
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.