1074 10th StMartinMI49070
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 Martin at 1074 10th St, Martin, MI, 49070 offers a 8.7% rental yield on a $354,900 purchase with $2,574/mo rent. Total monthly income registers $2,574/mo, and a $1,737/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,804/yr on $117,649 to close, and return on cash invested stands at 22.29% in year one. Equity gained on principal adds $2,290/yr while 5% annual appreciation supports $98,052 over five years. Portfolio math shows five-year ROI at 116.16% and total cumulative return in cash at $136,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,574/mo property income against a $1,737/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49070, Martin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,018 (100%) |
| Owner Occupied HU | 826 (81.1%) |
| Renter Occupied HU | 137 (13.5%) |
| Vacant Housing Units | 55 ( 5.4%) |
| Median Home Value | $249,679 |
| Average Home Value | $269,080 |
Housing Distribution
Address Breakdown
Residential
941
Single Family
941
Multi-Family
0
Businesses
46
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