7611 Margaret AveWest OliveMI49460
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 West Olive at 7611 Margaret Ave, West Olive, MI, 49460 generates $2,850/mo in rent, after a $6,020/mo payment. Total monthly income is $2,850/mo. Return on cash invested sits at 4.53% in year one, and rental yield is 2.78% on a $1,230,000 entry. Equity gained on principal adds $7,937/yr, while 5% annual appreciation builds toward $339,826 over five years. Five-year ROI reaches 20.8% and total cumulative return in cash sums $82,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,850/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49460, West Olive, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,031 (100%) |
| Owner Occupied HU | 3,340 (82.9%) |
| Renter Occupied HU | 268 ( 6.6%) |
| Vacant Housing Units | 423 (10.5%) |
| Median Home Value | $378,999 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,068
Multi-Family
716
Businesses
132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel J Sterk • Five Star Real Estate (Grandv)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027716
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.