702 Braeside Dr SEByron CenterMI49315
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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 Byron Center at 702 Braeside Dr SE, Byron Center, MI, 49315 offers $3,061/mo rent that, after a $1,782/mo payment, leaves $660/mo cash flow. Total monthly income is $3,061/mo, and annual cash flow is $7,922/yr on $120,666 cash. Return on cash invested measures 26.47% in year one, and rental yield stands at 10.09% at a $364,000 entry. Equity gained on principal adds $2,349/yr while 5% annual appreciation compounds into $100,566 by year five. Five-year ROI records 138.62% and total cumulative return in cash reaches $167,261. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,061/mo property income versus a $1,782/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
No 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
Listed by: Kristina L Reynolds • Coldwell Banker Sneller Real Estate
Mls Name: MichRIC
Mls ID: #25050200