6855 W Crane RdMiddlevilleMI49333
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 Middleville at 6855 W Crane Rd, Middleville, MI, 49333 generates $4,949/mo in rent and, after a $1,590/mo payment, leaves $2,807/mo in cash flow. Total monthly income is $4,949/mo, and annual cash flow is $33,680/yr on $107,704 invested. Return on cash invested sits at 51.18% in year one, and rental yield is 18.28% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 271.06% and total cumulative return in cash sums $291,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49333, Middleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,474 (100%) |
| Owner Occupied HU | 4,393 (80.3%) |
| Renter Occupied HU | 717 (13.1%) |
| Vacant Housing Units | 364 ( 6.6%) |
| Median Home Value | $317,795 |
| Average Home Value | $363,773 |
Housing Distribution
Address Breakdown
Residential
5,147
Single Family
4,969
Multi-Family
178
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea L Zoet • Epique Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24041646
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.