105 W Oakland 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
Rental property for sale in Durand at 105 W Oakland St, Durand, MI, 48429 generates $1,280/mo in rent and, after a $827/mo payment, leaves $166/mo in cash flow. Total monthly income is $1,280/mo, and annual cash flow is $1,988/yr on $56,024 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.09% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash sums $68,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4,791 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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