106 S Elm StThree OaksMI49128
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
Investment property for sale in Three Oaks at 106 S Elm St, Three Oaks, MI, 49128 earns $1,007/mo cash flow from $1,666/mo rent with a $489/mo payment. Total monthly income totals $1,666/mo, and annual cash flow totals $12,084/yr on $33,150 capital. ROI tracks 56.36% on current figures, and rental yield reads 19.99% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 298.84% and total cumulative return in cash sums $99,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,666/mo property income instead of your personal income.
Single Family
Built in 1880
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49128, Three Oaks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,088 (100%) |
| Owner Occupied HU | 1,284 (61.5%) |
| Renter Occupied HU | 234 (11.2%) |
| Vacant Housing Units | 570 (27.3%) |
| Median Home Value | $319,149 |
| Average Home Value | $402,960 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,701
Multi-Family
41
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gerald Olson • Cressy & Everett R.E. of Harbor Country
Mls Name: MichRIC
Mls Provider:
Mls ID: #24048567
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.