969 E Shoreline DrHopeMI48628
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 Hope at 969 E Shoreline Dr, Hope, MI, 48628 priced at $345,000 pairs $2,502/mo rent with $202/mo cash flow after a $1,689/mo payment. Total monthly income equals $2,502/mo, and annual cash flow comes to $2,418/yr on $114,368 invested. Return on cash invested is 22.02% in year one, and rental yield stands at 8.7% on a $345,000 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,317 by year five. Five-year ROI measures 114.82% and total cumulative return in cash reaches $131,320. For financing, Ziffy Mortgage’s DSCR program evaluates $2,502/mo property income against a $1,689/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
0.88 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
Businesses
22
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Nearby investment properties with comparable prices
Listed by: Mo Bringard • NextHome Park Place
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50164654
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