906 S Bowen StJacksonMI49203
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 Jackson at 906 S Bowen St, Jackson, MI, 49203 uses $52,211 cash to close to unlock $17,223/yr annual cash flow and $1,435/mo monthly cash flow. Total monthly income runs $2,474/mo, and a $771/mo payment keeps the spread at $1,435/mo. Purchase price stands at $157,500, and rental yield measures 18.85% with $2,474/mo rent. Return on cash invested shows 52.9% in year one, and 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 280.35% and total cumulative return in cash records $146,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $771/mo payment rather than investor’s personal income.
Single Family
Built in 1927
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49203, Jackson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,499 (100%) |
| Owner Occupied HU | 10,959 (66.4%) |
| Renter Occupied HU | 4,458 (27.0%) |
| Vacant Housing Units | 1,082 ( 6.6%) |
| Median Home Value | $174,622 |
| Average Home Value | $219,233 |
Housing Distribution
Address Breakdown
Residential
15,844
Single Family
14,913
Multi-Family
931
Businesses
814
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Bunn • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282165
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS