6691 Egan Ave SECaledoniaMI49316
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 Caledonia at 6691 Egan Ave SE, Caledonia, MI, 49316 offers $4,003/mo rent that, after a $3,372/mo payment. Total monthly income is $4,003/mo. Return on cash invested measures 17.2% in year one, and rental yield stands at 6.97% at a $688,900 entry. Equity gained on principal adds $4,445/yr while 5% annual appreciation compounds into $190,330 by year five. Five-year ROI records 88.82% and total cumulative return in cash reaches $201,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,003/mo property income versus a $3,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
2.63 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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