1003 Fletcher StOwossoMI48867
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Owosso rentals match the income profile of 1003 Fletcher St, Owosso, MI, 48867. Listed at $126,000, gross rent is $2,456/mo and net cash flow is $1,543/mo, a 23.39% yield well above national averages. DSCR 4.33 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $34,811 by year five with $1,160/yr in annual principal reduction, projecting $147,635 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23.4% | 7.0% |
| Monthly Cash Flow | $1,543 | $400 |
City averages based on Owosso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,456 |
| Total Monthly Debt Service | $863 |
| DSCR Ratio | 2.84x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
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
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammie Tompkins • CB Schmidt Houghton Lake
Mls Name: WWMLS
Mls Provider:
Mls ID: #201834446
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