8304 Merton Ave SWByron CenterMI49315
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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 Byron Center at 8304 Merton Ave SW, Byron Center, MI, 49315 uses $116,025 cash to close to unlock $1,188/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $2,407/mo, and a $1,713/mo payment keeps the spread at $99/mo. Purchase price stands at $350,000, and rental yield measures 8.25% with $2,407/mo rent. Return on cash invested shows 20.93% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 108.85% and total cumulative return in cash records $126,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,407/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1880
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49315, Byron Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,640 (100%) |
| Owner Occupied HU | 9,012 (84.7%) |
| Renter Occupied HU | 1,223 (11.5%) |
| Vacant Housing Units | 405 ( 3.8%) |
| Median Home Value | $391,039 |
| Average Home Value | $441,361 |
Housing Distribution
Address Breakdown
Residential
10,119
Single Family
9,510
Multi-Family
609
Businesses
824
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Listed by: N/A • N/A
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