1008 W Franklin StJacksonMI49203
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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 Jackson at 1008 W Franklin St, Jackson, MI, 49203 offers a 9.21% rental yield on a $103,900 purchase with $797/mo rent. Total monthly income registers $797/mo, and a $509/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,336/yr on $34,443 to close, and return on cash invested stands at 23.79% in year one. Equity gained on principal adds $670/yr while 5% annual appreciation supports $28,706 over five years. Portfolio math shows five-year ROI at 124.32% and total cumulative return in cash at $42,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $797/mo property income against a $509/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49203, Jackson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,499 (100%) |
| Owner Occupied HU | 10,959 (66.4%) |
| Renter Occupied HU | 4,458 (27.0%) |
| Vacant Housing Units | 1,082 ( 6.6%) |
| Median Home Value | $174,622 |
| Average Home Value | $219,233 |
Housing Distribution
Address Breakdown
Residential
15,844
Single Family
14,913
Multi-Family
931
Businesses
814
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