816 Nelsons Ridge DrHowellMI48843
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 Howell at 816 Nelsons Ridge Dr, Howell, MI, 48843 priced at $329,900 pairs $3,040/mo rent with $864/mo cash flow after a $1,615/mo payment. Total monthly income equals $3,040/mo, and annual cash flow comes to $10,370/yr on $109,362 invested. Return on cash invested is 29.39% in year one, and rental yield stands at 11.06% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 154.26% and total cumulative return in cash reaches $168,699. For financing, Ziffy Mortgage’s DSCR program evaluates $3,040/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48843, Howell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,156 (100%) |
| Owner Occupied HU | 15,805 (78.4%) |
| Renter Occupied HU | 3,715 (18.4%) |
| Vacant Housing Units | 636 ( 3.2%) |
| Median Home Value | $367,579 |
| Average Home Value | $397,756 |
Housing Distribution
Address Breakdown
Residential
19,681
Single Family
18,246
Multi-Family
1,435
Businesses
1,098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices