1000 Howard StMount MorrisMI48458
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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
Investment property for sale in Mount Morris at 1000 Howard St, Mount Morris, MI, 48458 offers a 18.59% rental yield on a $125,000 purchase with $1,936/mo rent. Total monthly income registers $1,936/mo, and a $612/mo payment leaves $1,112/mo available for distribution. Annual cash flow reaches $13,338/yr on $41,438 to close, and return on cash invested stands at 52.1% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 276.05% and total cumulative return in cash at $114,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,936/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48458, Mount Morris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 5,702 (62.0%) |
| Renter Occupied HU | 2,454 (26.7%) |
| Vacant Housing Units | 1,046 (11.4%) |
| Median Home Value | $111,359 |
| Average Home Value | $156,507 |
Housing Distribution
Address Breakdown
Residential
8,037
Single Family
6,871
Multi-Family
1,166
Businesses
312
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Listed by: Wilson Lahoud • Inca Realty, LLC
Mls Name: Realcomp II
Mls ID: #20251056972