105 S Morrice RdMorriceMI48857
Nearby investment properties with comparable rents
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 Morrice at 105 S Morrice Rd, Morrice, MI, 48857 priced at $224,900 pairs $1,928/mo rent with $445/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,928/mo, and annual cash flow comes to $5,336/yr on $74,554 invested. Return on cash invested is 27.07% in year one, and rental yield stands at 10.29% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 141.76% and total cumulative return in cash reaches $105,685. For financing, Ziffy Mortgage’s DSCR program evaluates $1,928/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48857, Morrice, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 938 (79.0%) |
| Renter Occupied HU | 170 (14.3%) |
| Vacant Housing Units | 79 ( 6.7%) |
| Median Home Value | $206,053 |
| Average Home Value | $227,348 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
910
Multi-Family
0
Businesses
69
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Nearby investment properties with comparable prices
Listed by: BARBARA ROLL-WYZGA • Coldwell Banker Professionals Morrice/Owosso
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50173824
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