819 Thomas StPlainwellMI49080
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 Plainwell at 819 Thomas St, Plainwell, MI, 49080 priced at $314,444 converts $1,800/mo rent into after a $1,539/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 16.76% in year one, and rental yield reads 6.87% against a $314,444 entry. Equity gained on principal adds $2,029/yr, while 5% annual appreciation compiles into $86,875 by year five. Five-year ROI reaches 86.51% and total cumulative return in cash sums $90,179. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,539/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49080, Plainwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,662 (100%) |
| Owner Occupied HU | 5,063 (76.0%) |
| Renter Occupied HU | 1,106 (16.6%) |
| Vacant Housing Units | 493 ( 7.4%) |
| Median Home Value | $284,087 |
| Average Home Value | $341,288 |
Housing Distribution
Address Breakdown
Residential
6,466
Single Family
6,104
Multi-Family
362
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices