6700 Bethuy RdIraMI48023
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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 Ira at 6700 Bethuy Rd, Ira, MI, 48023 priced at $633,000 converts $4,050/mo rent into after a $3,098/mo obligation. Total monthly income equals $4,050/mo. Return on cash invested prints 18.51% in year one, and rental yield reads 7.68% against a $633,000 entry. Equity gained on principal adds $4,085/yr, while 5% annual appreciation compiles into $174,886 by year five. Five-year ROI reaches 96.13% and total cumulative return in cash sums $200,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,050/mo property income covering a $3,098/mo payment, not borrower’s personal income.
Single Family
Built in 1965
34.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48023, Fair Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,368 (100%) |
| Owner Occupied HU | 1,730 (73.1%) |
| Renter Occupied HU | 417 (17.6%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $326,971 |
| Average Home Value | $367,487 |
Housing Distribution
Address Breakdown
Residential
2,203
Single Family
2,203
Multi-Family
0
Businesses
160
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Listed by: Shawne Schulz • Sine & Monaghan Realtors LLC Algonac
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50186986
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