10024 Stover RdOtisvilleMI48463
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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 Otisville at 10024 Stover Rd, Otisville, MI, 48463 uses $79,560 cash to close to unlock $1,980/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,748/mo, and a $1,175/mo payment keeps the spread at $165/mo. Purchase price stands at $240,000, and rental yield measures 8.74% with $1,748/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 116.71% and total cumulative return in cash records $92,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,748/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1920
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48463, Otisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,655 (87.2%) |
| Renter Occupied HU | 138 ( 7.3%) |
| Vacant Housing Units | 106 ( 5.6%) |
| Median Home Value | $219,681 |
| Average Home Value | $238,267 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,731
Multi-Family
0
Businesses
91
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