910 Hickory Creek DrTemperanceMI48182
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 Temperance at 910 Hickory Creek Dr, Temperance, MI, 48182 priced at $280,000 converts $2,002/mo rent into $156/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,002/mo, and annual cash flow totals $1,872/yr on $92,820 invested. Return on cash invested prints 21.93% in year one, and rental yield reads 8.58% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 114.18% and total cumulative return in cash sums $105,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,002/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 2001
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48182, Temperance, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,855 (100%) |
| Owner Occupied HU | 8,042 (81.6%) |
| Renter Occupied HU | 1,499 (15.2%) |
| Vacant Housing Units | 314 ( 3.2%) |
| Median Home Value | $269,058 |
| Average Home Value | $288,379 |
Housing Distribution
Address Breakdown
Residential
9,133
Single Family
8,790
Multi-Family
343
Businesses
368
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Listed by: Alan Haynes • Coldwell Banker Haynes R.E. in Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50172416
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