8506 S Division AveByron CenterMI49315
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
Investment property for sale in Byron Center at 8506 S Division Ave, Byron Center, MI, 49315 at $120,000 posts ROI 52.88% with $1,093/mo cash flow from $1,884/mo rent. Total monthly income equals $1,884/mo, and annual cash flow records $13,116/yr on $39,780 to close. Return on cash invested measures 52.88% and rental yield reads 18.84% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 280.17% and total cumulative return in cash totals $111,451.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,884/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
0.43 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian D Silvernail • VENTURE REAL ESTATE GROUP
Mls Name: MichRIC
Mls Provider:
Mls ID: #24005570
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.