10995 E Prior RdDurandMI48429
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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
Investment property for sale in Durand at 10995 E Prior Rd, Durand, MI, 48429 offers a 9.59% rental yield on a $234,000 purchase with $1,870/mo rent. Total monthly income registers $1,870/mo, and a $1,145/mo payment leaves $327/mo available for distribution. Annual cash flow reaches $3,926/yr on $77,571 to close, and return on cash invested stands at 24.97% in year one. Equity gained on principal adds $1,510/yr while 5% annual appreciation supports $64,650 over five years. Portfolio math shows five-year ROI at 130.55% and total cumulative return in cash at $101,271. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,870/mo property income against a $1,145/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
2.25 Acres 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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Nearby investment properties with comparable prices
Listed by: Tammie Tompkins • CB Schmidt Houghton Lake
Mls Name: WWMLS
Mls Provider:
Mls ID: #201836257
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