70945 Ridgewood DrEdwardsburgMI49112
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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 Edwardsburg at 70945 Ridgewood Dr, Edwardsburg, MI, 49112 generates $2,071/mo in rent and, after a $1,099/mo payment, leaves $590/mo in cash flow. Total monthly income is $2,071/mo, and annual cash flow is $7,084/yr on $74,422 invested. Return on cash invested sits at 29.43% in year one, and rental yield is 11.07% on a $224,500 entry. Equity gained on principal adds $1,449/yr, while 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 154.47% and total cumulative return in cash sums $114,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,071/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.39 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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Listed by: Richard Shepardson • RE/MAX by the Lake
Mls Name: MichRIC
Mls ID: #26000851