70838 Ridgewood DrEdwardsburgMI49112
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
Investment property for sale in Edwardsburg at 70838 Ridgewood Dr, Edwardsburg, MI, 49112 earns $310/mo cash flow from $2,057/mo rent with a $1,297/mo payment. Total monthly income totals $2,057/mo, and annual cash flow totals $3,714/yr on $87,848 capital. ROI tracks 24.14% on current figures, and rental yield reads 9.31% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 126.07% and total cumulative return in cash sums $110,751. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,057/mo property income instead of your personal income.
Single Family
Built in 1963
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49112, Edwardsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,778 (100%) |
| Owner Occupied HU | 3,632 (76.0%) |
| Renter Occupied HU | 740 (15.5%) |
| Vacant Housing Units | 406 ( 8.5%) |
| Median Home Value | $262,234 |
| Average Home Value | $312,079 |
Housing Distribution
Address Breakdown
Residential
4,449
Single Family
4,409
Multi-Family
40
Businesses
239
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Nearby investment properties with comparable prices
Listed by: Corey Johnson • Coldwell Banker Real Estate Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25028579
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.