7070 Old Lantern Dr SECaledoniaMI49316
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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 Caledonia at 7070 Old Lantern Dr SE, Caledonia, MI, 49316 priced at $479,900 converts $3,436/mo rent into $255/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,436/mo, and annual cash flow totals $3,054/yr on $159,087 invested. Return on cash invested prints 21.83% in year one, and rental yield reads 8.59% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 113.72% and total cumulative return in cash sums $180,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,436/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.37 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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