1023 E Elstner 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 1023 E Elstner St, Mount Morris, MI, 48458 listed at $169,900 pairs $1,218/mo rent with a $832/mo payment to leave $97/mo cash flow. Total monthly income runs $1,218/mo, and annual cash flow reaches $1,166/yr on $56,322 cash to close. Return on cash invested measures 21.98% in year one, and rental yield registers 8.6% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 114.57% and total cumulative return in cash totals $64,526. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,218/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1935
9,147 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: Michael Davidson • REMAX Right Choice
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162243
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