Long Lake Dr #2CassopolisMI49031
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 Cassopolis at Long Lake Dr #2, Cassopolis, MI, 49031 priced at $119,000 converts $3,470/mo rent into $2,652/mo cash flow after a $582/mo obligation. Total monthly income equals $3,470/mo, and annual cash flow totals $31,828/yr on $39,449 invested. Return on cash invested prints 100.59% in year one, and rental yield reads 34.99% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 536.46% and total cumulative return in cash sums $211,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,470/mo property income covering a $582/mo payment, not borrower’s personal income.
Lot
Built in N/A
2.52 Acres lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Listed by: Kelly Toney • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24034528
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.