8117 S Dockside Dr #885IraMI48023
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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 Ira at 8117 S Dockside Dr #885, Ira, MI, 48023 uses $40,410 cash to close to unlock $22,881/yr annual cash flow and $1,907/mo monthly cash flow. Total monthly income runs $2,711/mo, and a $597/mo payment keeps the spread at $1,907/mo. Purchase price stands at $121,900, and rental yield measures 26.69% with $2,711/mo rent. Return on cash invested shows 76.53% in year one, and 5% annual appreciation builds toward $33,679 over five years. Five-year ROI reaches 407.05% and total cumulative return in cash records $164,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,711/mo property income covering a $597/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48023, Fair Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,368 (100%) |
| Owner Occupied HU | 1,730 (73.1%) |
| Renter Occupied HU | 417 (17.6%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $326,971 |
| Average Home Value | $367,487 |
Housing Distribution
Address Breakdown
Residential
2,203
Single Family
2,203
Multi-Family
0
Businesses
160
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