Broadmoor Ave SE #EJ6OXKCaledoniaMI49316
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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
Rental property for sale in Caledonia at Broadmoor Ave SE #EJ6OXK, Caledonia, MI, 49316 generates $3,902/mo in rent and, after a $2,409/mo payment, leaves $656/mo in cash flow. Total monthly income is $3,902/mo, and annual cash flow is $7,875/yr on $163,164 invested. Return on cash invested sits at 24.74% in year one, and rental yield is 9.51% on a $492,200 entry. Equity gained on principal adds $3,176/yr, while 5% annual appreciation builds toward $135,986 over five years. Five-year ROI reaches 129.28% and total cumulative return in cash sums $210,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,902/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49316, Caledonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,159 (100%) |
| Owner Occupied HU | 7,750 (84.6%) |
| Renter Occupied HU | 1,129 (12.3%) |
| Vacant Housing Units | 280 ( 3.1%) |
| Median Home Value | $368,883 |
| Average Home Value | $408,449 |
Housing Distribution
Address Breakdown
Residential
9,314
Single Family
8,633
Multi-Family
681
Businesses
535
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