802 Olson DrEast JordanMI49727
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 East Jordan at 802 Olson Dr, East Jordan, MI, 49727 priced at $289,900 converts $2,490/mo rent into $578/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,490/mo, and annual cash flow totals $6,938/yr on $96,102 invested. Return on cash invested prints 27.13% in year one, and rental yield reads 10.31% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 142.12% and total cumulative return in cash sums $136,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,490/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: Taylor Peterson • The TEAM Real Estate Group
Mls Name: WWMLS
Mls ID: #201838236