Crane RdMiddlevilleMI49333
Nearby investment properties with comparable rents
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
Investment property for sale in Middleville at Crane Rd, Middleville, MI, 49333 uses $38,421 cash to close to unlock $12,384/yr annual cash flow and $1,032/mo monthly cash flow. Total monthly income runs $1,796/mo, and a $567/mo payment keeps the spread at $1,032/mo. Purchase price stands at $115,900, and rental yield measures 18.6% with $1,796/mo rent. Return on cash invested shows 52.14% in year one, and 5% annual appreciation builds toward $32,021 over five years. Five-year ROI reaches 276.2% and total cumulative return in cash records $106,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,796/mo property income covering a $567/mo payment rather than investor’s personal income.
Lot
Built in N/A
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49333, Middleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,474 (100%) |
| Owner Occupied HU | 4,393 (80.3%) |
| Renter Occupied HU | 717 (13.1%) |
| Vacant Housing Units | 364 ( 6.6%) |
| Median Home Value | $317,795 |
| Average Home Value | $363,773 |
Housing Distribution
Address Breakdown
Residential
5,147
Single Family
4,969
Multi-Family
178
Businesses
199
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Nearby investment properties with comparable prices
Listed by: Michael H Oostendorp • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #24047426
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.