104 W John StDurandMI48429
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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
Investment Highlights
Rental property for sale in Durand at 104 W John St, Durand, MI, 48429 priced at $214,000 pairs $1,760/mo rent with $349/mo cash flow after a $1,047/mo payment. Total monthly income equals $1,760/mo, and annual cash flow comes to $4,190/yr on $70,941 invested. Return on cash invested is 25.82% in year one, and rental yield stands at 9.87% on a $214,000 basis. Equity gained on principal adds $1,381/yr, and 5% annual appreciation accumulates to $59,124 by year five. Five-year ROI measures 135.1% and total cumulative return in cash reaches $95,843. For financing, Ziffy Mortgage’s DSCR program evaluates $1,760/mo property income against a $1,047/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
5,227 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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