1114 E Michigan AveAlbionMI49224
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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 Albion at 1114 E Michigan Ave, Albion, MI, 49224 listed at $143,900 pairs $1,465/mo rent with a $704/mo payment to leave $516/mo cash flow. Total monthly income runs $1,465/mo, and annual cash flow reaches $6,196/yr on $47,703 cash to close. Return on cash invested measures 32.9% in year one, and rental yield registers 12.22% at a $143,900 basis. Equity gained on principal adds $929/yr, and annual property appreciation at 5% supports $39,757 by year five. Five-year ROI tracks 173.07% and total cumulative return in cash totals $82,559. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,465/mo property income relative to a $704/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
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