802 Caroll StBuchananMI49107
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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
Investment property for sale in Buchanan at 802 Caroll St, Buchanan, MI, 49107 uses $36,465 cash to close to unlock $1,260/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $830/mo, and a $538/mo payment keeps the spread at $105/mo. Purchase price stands at $110,000, and rental yield measures 9.05% with $830/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 121.86% and total cumulative return in cash records $44,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $830/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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