7386 Hickory CtCadillacMI49601
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
Rental property for sale in Cadillac at 7386 Hickory Ct, Cadillac, MI, 49601 generates $3,493/mo in rent and, after a $1,248/mo payment, leaves $1,812/mo in cash flow. Total monthly income is $3,493/mo, and annual cash flow is $21,740/yr on $84,499 invested. Return on cash invested sits at 45.64% in year one, and rental yield is 16.44% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 241.35% and total cumulative return in cash sums $203,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,493/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
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Listed by: Peter Nemish • Coldwell Banker Schmidt-Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925243
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.