Bishop Reed Dr #1WS89MTecumsehMI49286
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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 Tecumseh at Bishop Reed Dr #1WS89M, Tecumseh, MI, 49286 offers $2,872/mo rent that, after a $1,843/mo payment, leaves $389/mo cash flow. Total monthly income is $2,872/mo, and annual cash flow is $4,665/yr on $124,843 cash. Return on cash invested measures 23.65% in year one, and rental yield stands at 9.15% at a $376,600 entry. Equity gained on principal adds $2,430/yr while 5% annual appreciation compounds into $104,048 by year five. Five-year ROI records 123.42% and total cumulative return in cash reaches $154,081. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,872/mo property income versus a $1,843/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
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