7271 E 56th StChaseMI49623
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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 Chase at 7271 E 56th St, Chase, MI, 49623 uses $67,958 cash to close to unlock $10,677/yr annual cash flow and $890/mo monthly cash flow. Total monthly income runs $2,347/mo, and a $1,003/mo payment keeps the spread at $890/mo. Purchase price stands at $205,000, and rental yield measures 13.74% with $2,347/mo rent. Return on cash invested shows 35.62% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 188.3% and total cumulative return in cash records $127,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,347/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1995
35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49623, Chase, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 477 (60.6%) |
| Renter Occupied HU | 65 ( 8.3%) |
| Vacant Housing Units | 245 (31.1%) |
| Median Home Value | $151,786 |
| Average Home Value | $209,581 |
Housing Distribution
Address Breakdown
Residential
477
Single Family
477
Multi-Family
0
Businesses
11
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