111 W Broadway AveScottvilleMI49454
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 Scottville at 111 W Broadway Ave, Scottville, MI, 49454 at $199,000 posts ROI 24.94% with $277/mo cash flow from $1,589/mo rent. Total monthly income equals $1,589/mo, and annual cash flow records $3,320/yr on $65,969 to close. Return on cash invested measures 24.94% and rental yield reads 9.58% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 130.38% and total cumulative return in cash totals $86,010.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,589/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Devin Thompson • Help A Vet Realty LLC
Mls Name: Realcomp II
Mls ID: #20251023464