LOT 10 S Club DrCedarMI49621
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 Cedar at LOT 10 S Club Dr, Cedar, MI, 49621 priced at $170,000 pairs $4,265/mo rent with $3,044/mo cash flow after a $832/mo payment. Total monthly income equals $4,265/mo, and annual cash flow comes to $36,528/yr on $56,355 invested. Return on cash invested is 84.73% in year one, and rental yield stands at 30.11% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 451.72% and total cumulative return in cash reaches $254,565. For financing, Ziffy Mortgage’s DSCR program evaluates $4,265/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
0.81 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49621, Cedar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 1,237 (64.8%) |
| Renter Occupied HU | 156 ( 8.2%) |
| Vacant Housing Units | 517 (27.1%) |
| Median Home Value | $371,675 |
| Average Home Value | $468,618 |
Housing Distribution
Address Breakdown
Residential
1,541
Single Family
1,541
Multi-Family
0
Businesses
56
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Nearby investment properties with comparable prices
Listed by: Jamie Jewell • Schaub Team Premier Realty
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923329
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.