981 28 Mile RdLitchfieldMI49252
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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 Litchfield at 981 28 Mile Rd, Litchfield, MI, 49252 uses $62,952 cash to close to unlock $2,558/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,465/mo, and a $929/mo payment keeps the spread at $213/mo. Purchase price stands at $189,900, and rental yield measures 9.26% with $1,465/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 125.21% and total cumulative return in cash records $78,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,465/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1930
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49252, Litchfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 847 (72.8%) |
| Renter Occupied HU | 257 (22.1%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $150,107 |
| Average Home Value | $184,383 |
Housing Distribution
Address Breakdown
Residential
1,040
Single Family
1,016
Multi-Family
24
Businesses
79
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Listed by: D2 Team • Your Premiere Properties LLC
Mls Name: MichRIC
Mls ID: #25054971