816 E Chapin StCadillacMI49601
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 Cadillac at 816 E Chapin St, Cadillac, MI, 49601 earns $427/mo cash flow from $1,811/mo rent with a $1,027/mo payment. Total monthly income totals $1,811/mo, and annual cash flow totals $5,126/yr on $69,582 capital. ROI tracks 27.28% on current figures, and rental yield reads 10.35% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 142.93% and total cumulative return in cash sums $99,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,811/mo property income instead of your personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices