9980 2nd StMattawanMI49071
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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 Mattawan at 9980 2nd St, Mattawan, MI, 49071 uses $177,660 cash to close to unlock $7,608/yr annual cash flow and $634/mo monthly cash flow. Total monthly income runs $4,195/mo, and a $2,643/mo payment keeps the spread at $634/mo. Purchase price stands at $540,000, and rental yield measures 9.32% with $4,195/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 127.11% and total cumulative return in cash records $225,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,195/mo property income covering a $2,643/mo payment rather than investor’s personal income.
Single Family
Built in 1989
2.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49071, Mattawan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 3,469 (85.0%) |
| Renter Occupied HU | 437 (10.7%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $284,983 |
| Average Home Value | $339,384 |
Housing Distribution
Address Breakdown
Residential
4,289
Single Family
4,241
Multi-Family
48
Businesses
225
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