7491 Old Lantern Dr SECaledoniaMI49316
Nearby investment properties with comparable rents
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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 Caledonia at 7491 Old Lantern Dr SE, Caledonia, MI, 49316 generates $4,034/mo in rent, after a $3,255/mo payment. Total monthly income is $4,034/mo. Return on cash invested sits at 18.04% in year one, and rental yield is 7.28% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 93.36% and total cumulative return in cash sums $204,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
N/A lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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