110 Mill StCasnoviaMI49318
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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 Casnovia at 110 Mill St, Casnovia, MI, 49318 generates $1,460/mo in rent and, after a $710/mo payment, leaves $504/mo in cash flow. Total monthly income is $1,460/mo, and annual cash flow is $6,042/yr on $48,068 invested. Return on cash invested sits at 32.48% in year one, and rental yield is 12.08% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 170.83% and total cumulative return in cash sums $82,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,460/mo property income rather than buyer’s personal income.
Lot
Built in N/A
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49318, Casnovia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 578 (82.2%) |
| Renter Occupied HU | 71 (10.1%) |
| Vacant Housing Units | 54 ( 7.7%) |
| Median Home Value | $269,068 |
| Average Home Value | $316,514 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
29
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