9565 N 24th StRichlandMI49083
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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 Richland at 9565 N 24th St, Richland, MI, 49083 listed at $320,000 pairs $2,017/mo rent with a $1,566/mo payment. Total monthly income runs $2,017/mo. Return on cash invested measures 18.86% in year one, and rental yield registers 7.56% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 97.73% and total cumulative return in cash totals $103,671. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,017/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
6.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49083, Richland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,673 (100%) |
| Owner Occupied HU | 2,924 (79.6%) |
| Renter Occupied HU | 443 (12.1%) |
| Vacant Housing Units | 306 ( 8.3%) |
| Median Home Value | $365,950 |
| Average Home Value | $516,858 |
Housing Distribution
Address Breakdown
Residential
3,380
Single Family
3,296
Multi-Family
84
Businesses
281
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