942 Shaw RdCasnoviaMI49318
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 Casnovia at 942 Shaw Rd, Casnovia, MI, 49318 priced at $129,000 converts $1,036/mo rent into $186/mo cash flow after a $631/mo obligation. Total monthly income equals $1,036/mo, and annual cash flow totals $2,228/yr on $42,764 invested. Return on cash invested prints 25.12% in year one, and rental yield reads 9.64% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 131.36% and total cumulative return in cash sums $56,173. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,036/mo property income covering a $631/mo payment, not borrower’s personal income.
Manufactured
Built in 1966
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49318, Casnovia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 578 (82.2%) |
| Renter Occupied HU | 71 (10.1%) |
| Vacant Housing Units | 54 ( 7.7%) |
| Median Home Value | $269,068 |
| Average Home Value | $316,514 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
29
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