831 Kaypat DrHopeMI48628
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 Hope at 831 Kaypat Dr, Hope, MI, 48628 offers $1,274/mo rent that, after a $831/mo payment, leaves $155/mo cash flow. Total monthly income is $1,274/mo, and annual cash flow is $1,854/yr on $56,256 cash. Return on cash invested measures 23.2% in year one, and rental yield stands at 9.01% at a $169,700 entry. Equity gained on principal adds $1,095/yr while 5% annual appreciation compounds into $46,885 by year five. Five-year ROI records 121.12% and total cumulative return in cash reaches $68,135. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,274/mo property income versus a $831/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
Businesses
22
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