Vl West St #1ScottvilleMI49454
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 Scottville at Vl West St #1, Scottville, MI, 49454 generates $3,732/mo in rent and, after a $2,300/mo payment, leaves $633/mo in cash flow. Total monthly income is $3,732/mo, and annual cash flow is $7,598/yr on $155,772 invested. Return on cash invested sits at 24.79% in year one, and rental yield is 9.53% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 129.56% and total cumulative return in cash sums $201,818. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,732/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christina Simone • Five Star Real Estate - Ludington
Mls Name: MichRIC
Mls Provider:
Mls ID: #23140788
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.