815 Henderson StBig RapidsMI49307
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 Big Rapids at 815 Henderson St, Big Rapids, MI, 49307 at $149,900 posts ROI 50.49% with $1,266/mo cash flow from $2,255/mo rent. Total monthly income equals $2,255/mo, and annual cash flow records $15,194/yr on $49,692 to close. Return on cash invested measures 50.49% and rental yield reads 18.05% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 267.45% and total cumulative return in cash totals $132,899.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,255/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49307, Big Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,216 (100%) |
| Owner Occupied HU | 4,118 (50.1%) |
| Renter Occupied HU | 2,716 (33.1%) |
| Vacant Housing Units | 1,382 (16.8%) |
| Median Home Value | $182,919 |
| Average Home Value | $215,984 |
Housing Distribution
Address Breakdown
Residential
8,009
Single Family
7,243
Multi-Family
766
Businesses
704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Garner • Century 21 White House Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #23146084
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.