8934 Five Mile RdEast LeroyMI49051
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 East Leroy at 8934 Five Mile Rd, East Leroy, MI, 49051 offers a 9.62% rental yield on a $175,000 purchase with $1,403/mo rent. Total monthly income registers $1,403/mo, and a $857/mo payment leaves $249/mo available for distribution. Annual cash flow reaches $2,982/yr on $58,013 to close, and return on cash invested stands at 25.05% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 130.99% and total cumulative return in cash at $75,991. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,403/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
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Listed by: Lori Sturdevant • Berkshire Hathaway HomeServices Michigan Real Estate
Mls Name: MichRIC
Mls ID: #25033899