10838 Edwards LnWillisMI48191
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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 Willis at 10838 Edwards Ln, Willis, MI, 48191 generates $1,163/mo in rent and, after a $709/mo payment, leaves $208/mo in cash flow. Total monthly income is $1,163/mo, and annual cash flow is $2,492/yr on $48,034 invested. Return on cash invested sits at 25.1% in year one, and rental yield is 9.63% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 131.23% and total cumulative return in cash sums $63,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,163/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48191, Willis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,598 (100%) |
| Owner Occupied HU | 1,395 (87.3%) |
| Renter Occupied HU | 145 ( 9.1%) |
| Vacant Housing Units | 58 ( 3.6%) |
| Median Home Value | $367,506 |
| Average Home Value | $424,330 |
Housing Distribution
Address Breakdown
Residential
1,467
Single Family
1,467
Multi-Family
0
Businesses
65
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