99 Middle TrlLeroyMI49655
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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 Leroy at 99 Middle Trl, Leroy, MI, 49655 uses $64,609 cash to close to unlock $8,059/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $1,964/mo, and a $954/mo payment keeps the spread at $672/mo. Purchase price stands at $194,900, and rental yield measures 12.09% with $1,964/mo rent. Return on cash invested shows 32.38% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 170.36% and total cumulative return in cash records $110,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,964/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.57 Acres lot
$N/A/sqft
$85 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49655, Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,174 (63.5%) |
| Renter Occupied HU | 113 ( 6.1%) |
| Vacant Housing Units | 563 (30.4%) |
| Median Home Value | $182,941 |
| Average Home Value | $208,863 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
54
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Listed by: Sara Hoffman • Five Star Real Estate - Mitchell St Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923020
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.