665 Ely StAlleganMI49010
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
Rental property for sale in Allegan at 665 Ely St, Allegan, MI, 49010 offers $1,849/mo rent that, after a $1,263/mo payment, leaves $147/mo cash flow. Total monthly income is $1,849/mo, and annual cash flow is $1,769/yr on $85,527 cash. Return on cash invested measures 21.98% in year one, and rental yield stands at 8.6% at a $258,000 entry. Equity gained on principal adds $1,665/yr while 5% annual appreciation compounds into $71,281 by year five. Five-year ROI records 114.51% and total cumulative return in cash reaches $97,934. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,849/mo property income versus a $1,263/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49010, Allegan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,995 (100%) |
| Owner Occupied HU | 5,834 (73.0%) |
| Renter Occupied HU | 1,343 (16.8%) |
| Vacant Housing Units | 818 (10.2%) |
| Median Home Value | $253,605 |
| Average Home Value | $286,559 |
Housing Distribution
Address Breakdown
Residential
7,618
Single Family
7,132
Multi-Family
486
Businesses
470
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