7057 E Ab AveRichlandMI49083
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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 Richland at 7057 E Ab Ave, Richland, MI, 49083 priced at $384,000 converts $2,466/mo rent into after a $1,879/mo obligation. Total monthly income equals $2,466/mo. Return on cash invested prints 19.29% in year one, and rental yield reads 7.71% against a $384,000 entry. Equity gained on principal adds $2,478/yr, while 5% annual appreciation compiles into $106,092 by year five. Five-year ROI reaches 100.07% and total cumulative return in cash sums $127,388. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,466/mo property income covering a $1,879/mo payment, not borrower’s personal income.
Single Family
Built in 1998
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49083, Richland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,673 (100%) |
| Owner Occupied HU | 2,924 (79.6%) |
| Renter Occupied HU | 443 (12.1%) |
| Vacant Housing Units | 306 ( 8.3%) |
| Median Home Value | $365,950 |
| Average Home Value | $516,858 |
Housing Distribution
Address Breakdown
Residential
3,380
Single Family
3,296
Multi-Family
84
Businesses
281
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