8529 N Blair DrBitelyMI49309
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 Bitely at 8529 N Blair Dr, Bitely, MI, 49309 offers $1,056/mo rent that, after a $660/mo payment, leaves $167/mo cash flow. Total monthly income is $1,056/mo, and annual cash flow is $2,000/yr on $44,719 cash. Return on cash invested measures 24.38% in year one, and rental yield stands at 9.39% at a $134,900 entry. Equity gained on principal adds $870/yr while 5% annual appreciation compounds into $37,270 by year five. Five-year ROI records 127.39% and total cumulative return in cash reaches $56,969. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,056/mo property income versus a $660/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
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