Kalamata Dr #L0EG0BDewittMI48820
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
Rental property for sale in Dewitt at Kalamata Dr #L0EG0B, Dewitt, MI, 48820 priced at $490,200 pairs $4,146/mo rent with $914/mo cash flow after a $2,399/mo payment. Total monthly income equals $4,146/mo, and annual cash flow comes to $10,964/yr on $162,501 invested. Return on cash invested is 26.66% in year one, and rental yield stands at 10.15% on a $490,200 basis. Equity gained on principal adds $3,163/yr, and 5% annual appreciation accumulates to $135,433 by year five. Five-year ROI measures 139.56% and total cumulative return in cash reaches $226,779. For financing, Ziffy Mortgage’s DSCR program evaluates $4,146/mo property income against a $2,399/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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