8454 Elkwood St SW #11Byron 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 8454 Elkwood St SW #11, Byron Center, MI, 49315 offers a 9.53% rental yield on a $209,900 purchase with $1,667/mo rent. Total monthly income registers $1,667/mo, and a $1,027/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,398/yr on $69,582 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 129.61% and total cumulative return in cash at $90,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,667/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A 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: Daniel R Burrill • Five Star Real Estate (Grandv)
Mls Name: MichRIC
Mls ID: #26001788