829 N Van Dyke RdImlay CityMI48444
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 Imlay City at 829 N Van Dyke Rd, Imlay City, MI, 48444 generates $4,619/mo in rent, after a $3,764/mo payment. Total monthly income is $4,619/mo. Return on cash invested sits at 17.91% in year one, and rental yield is 7.21% on a $769,000 entry. Equity gained on principal adds $4,962/yr, while 5% annual appreciation builds toward $212,461 over five years. Five-year ROI reaches 92.65% and total cumulative return in cash sums $234,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,619/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
7.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wayne H Tobey • Cornerstone Real Estate Co LLC
Mls Name: Realcomp II
Mls ID: #20240042566