801 Maple StAlbionMI49224
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 Albion at 801 Maple St, Albion, MI, 49224 generates $2,611/mo in rent and, after a $876/mo payment, leaves $1,431/mo in cash flow. Total monthly income is $2,611/mo, and annual cash flow is $17,168/yr on $59,339 invested. Return on cash invested sits at 48.84% in year one, and rental yield is 17.5% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 258.53% and total cumulative return in cash sums $153,411. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,611/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shasta Dowding • DeLong and Co.
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282936
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS