105 W South StMorriceMI48857
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 W South St, Morrice, MI, 48857 priced at $149,900 pairs $1,162/mo rent with $173/mo cash flow after a $734/mo payment. Total monthly income equals $1,162/mo, and annual cash flow comes to $2,078/yr on $49,692 invested. Return on cash invested is 24.09% in year one, and rental yield stands at 9.3% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 125.88% and total cumulative return in cash reaches $62,555. For financing, Ziffy Mortgage’s DSCR program evaluates $1,162/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.33 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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