7262 Storey Book Ln SEAdaMI49301
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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 Ada at 7262 Storey Book Ln SE, Ada, MI, 49301 offers a 6.18% rental yield on a $814,900 purchase with $4,200/mo rent. 21% in year one. Equity gained on principal adds $5,258/yr while 5% annual appreciation supports $225,142 over five years. Portfolio math shows five-year ROI at 73.02% and total cumulative return in cash at $195,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $3,989/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.53 Acres lot
$N/A/sqft
$395 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
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