105 N Columbia AveScottvilleMI49454
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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
Rental property for sale in Scottville at 105 N Columbia Ave, Scottville, MI, 49454 priced at $115,000 converts $906/mo rent into $148/mo cash flow after a $563/mo obligation. Total monthly income equals $906/mo, and annual cash flow totals $1,770/yr on $38,123 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 9.45% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 128.36% and total cumulative return in cash sums $48,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $906/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1890
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
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Listed by: Stephanie Dahlquist • RE/MAX West
Mls Name: MichRIC
Mls ID: #25041411