8117 W Twelve Mile RdBitelyMI49309
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
Investment property for sale in Bitely at 8117 W Twelve Mile Rd, Bitely, MI, 49309 earns $751/mo cash flow from $2,585/mo rent with a $1,361/mo payment. Total monthly income totals $2,585/mo, and annual cash flow totals $9,017/yr on $92,157 capital. ROI tracks 29.69% on current figures, and rental yield reads 11.16% at a $278,000 purchase. Equity gained on principal adds $1,794/yr, and 5% annual appreciation supports $76,806 over five years. Five-year ROI reaches 155.86% and total cumulative return in cash sums $143,633. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,585/mo property income instead of your personal income.
Manufactured
Built in 1995
17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
