76 Budlong StHillsdaleMI49242
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 Hillsdale at 76 Budlong St, Hillsdale, MI, 49242 offers $946/mo rent that, after a $582/mo payment, leaves $162/mo cash flow. Total monthly income is $946/mo, and annual cash flow is $1,940/yr on $39,449 cash. Return on cash invested measures 24.83% in year one, and rental yield stands at 9.54% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 129.78% and total cumulative return in cash reaches $51,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $946/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49242, Hillsdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,762 (100%) |
| Owner Occupied HU | 4,061 (60.1%) |
| Renter Occupied HU | 1,845 (27.3%) |
| Vacant Housing Units | 856 (12.7%) |
| Median Home Value | $196,324 |
| Average Home Value | $226,490 |
Housing Distribution
Address Breakdown
Residential
6,129
Single Family
5,552
Multi-Family
577
Businesses
570
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