8464 E Michigan AveGalesburgMI49053
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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 Galesburg at 8464 E Michigan Ave, Galesburg, MI, 49053 uses $59,637 cash to close to unlock $2,186/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $881/mo payment keeps the spread at $182/mo. Purchase price stands at $179,900, and rental yield measures 9.13% with $1,369/mo rent. Return on cash invested shows 23.57% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 123.12% and total cumulative return in cash records $73,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49053, Galesburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,870 (100%) |
| Owner Occupied HU | 2,333 (81.3%) |
| Renter Occupied HU | 434 (15.1%) |
| Vacant Housing Units | 103 ( 3.6%) |
| Median Home Value | $281,479 |
| Average Home Value | $302,628 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,741
Multi-Family
111
Businesses
159
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