681 Braeside Dr SEByron CenterMI49315
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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 Byron Center at 681 Braeside Dr SE, Byron Center, MI, 49315 priced at $342,400 converts $3,361/mo rent into $878/mo cash flow after a $1,676/mo obligation. Total monthly income equals $3,361/mo, and annual cash flow totals $10,535/yr on $113,506 invested. Return on cash invested prints 29.19% in year one, and rental yield reads 11.78% against a $342,400 entry. Equity gained on principal adds $2,209/yr, while 5% annual appreciation compiles into $94,599 by year five. Five-year ROI reaches 154% and total cumulative return in cash sums $174,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,361/mo property income covering a $1,676/mo payment, not borrower’s personal income.
Condo
Built in 2005
1 Acres lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49315, Byron Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,640 (100%) |
| Owner Occupied HU | 9,012 (84.7%) |
| Renter Occupied HU | 1,223 (11.5%) |
| Vacant Housing Units | 405 ( 3.8%) |
| Median Home Value | $391,039 |
| Average Home Value | $441,361 |
Housing Distribution
Address Breakdown
Residential
10,119
Single Family
9,510
Multi-Family
609
Businesses
824
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Nearby investment properties with comparable prices
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