Snow Ave SE #GTX647AltoMI49302
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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 Alto at Snow Ave SE #GTX647, Alto, MI, 49302 priced at $408,200 converts $3,023/mo rent into $331/mo cash flow after a $1,998/mo obligation. Total monthly income equals $3,023/mo, and annual cash flow totals $3,973/yr on $135,318 invested. Return on cash invested prints 22.84% in year one, and rental yield reads 8.89% against a $408,200 entry. Equity gained on principal adds $2,634/yr, while 5% annual appreciation compiles into $112,778 by year five. Five-year ROI reaches 119.15% and total cumulative return in cash sums $161,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,023/mo property income covering a $1,998/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49302, Alto, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,336 (100%) |
| Owner Occupied HU | 2,938 (88.1%) |
| Renter Occupied HU | 324 ( 9.7%) |
| Vacant Housing Units | 74 ( 2.2%) |
| Median Home Value | $417,829 |
| Average Home Value | $464,540 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
3,108
Multi-Family
0
Businesses
107
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