9283 N Willow AveBitelyMI49309
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
Total monthly income runs $2,017/mo, and a $4,841/mo payment. Purchase price stands at $989,000, and rental yield measures 2.45% with $2,017/mo rent. Return on cash invested shows 3.44% in year one, and 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 15.06% and total cumulative return in cash records $48,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,017/mo property income covering a $4,841/mo payment rather than investor’s personal income.
Single Family
Built in 1964
78.08 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices