7043 E 24th StChaseMI49623
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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
Investment property for sale in Chase at 7043 E 24th St, Chase, MI, 49623 offers a 8.18% rental yield on a $313,200 purchase with $2,135/mo rent. Total monthly income registers $2,135/mo, and a $1,533/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $835/yr on $103,826 to close, and return on cash invested stands at 20.71% in year one. Equity gained on principal adds $2,021/yr while 5% annual appreciation supports $86,531 over five years. Portfolio math shows five-year ROI at 107.7% and total cumulative return in cash at $111,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,135/mo property income against a $1,533/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
20.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49623, Chase, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 477 (60.6%) |
| Renter Occupied HU | 65 ( 8.3%) |
| Vacant Housing Units | 245 (31.1%) |
| Median Home Value | $151,786 |
| Average Home Value | $209,581 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
477
Multi-Family
0
Businesses
11
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