829 Teal DrQuincyMI49082
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 Quincy at 829 Teal Dr, Quincy, MI, 49082 priced at $459,900 converts $2,016/mo rent into after a $2,251/mo obligation. Total monthly income equals $2,016/mo. Return on cash invested prints 11.91% in year one, and rental yield reads 5.26% against a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,062 by year five. Five-year ROI reaches 60.48% and total cumulative return in cash sums $92,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,016/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Home Type Unknown
Built in 1975
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49082, Quincy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,102 (100%) |
| Owner Occupied HU | 2,037 (65.7%) |
| Renter Occupied HU | 419 (13.5%) |
| Vacant Housing Units | 646 (20.8%) |
| Median Home Value | $194,318 |
| Average Home Value | $234,561 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,532
Multi-Family
74
Businesses
129
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices