104 E Perry StDurandMI48429
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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 Durand at 104 E Perry St, Durand, MI, 48429 uses $41,404 cash to close to unlock $7,568/yr annual cash flow and $631/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $611/mo payment keeps the spread at $631/mo. Purchase price stands at $124,900, and rental yield measures 13.97% with $1,454/mo rent. Return on cash invested shows 38.19% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 201.42% and total cumulative return in cash records $83,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48429, Durand, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,085 (100%) |
| Owner Occupied HU | 3,038 (74.4%) |
| Renter Occupied HU | 814 (19.9%) |
| Vacant Housing Units | 233 ( 5.7%) |
| Median Home Value | $171,859 |
| Average Home Value | $202,854 |
Housing Distribution
Address Breakdown
Residential
3,836
Single Family
3,662
Multi-Family
174
Businesses
195
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