1117 Ada St #1127OwossoMI48867
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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 Owosso at 1117 Ada St #1127, Owosso, MI, 48867 offers a 5.9% rental yield on a $461,600 purchase with $2,268/mo rent. 83% in year one. Equity gained on principal adds $2,979/yr while 5% annual appreciation supports $127,532 over five years. Portfolio math shows five-year ROI at 70.77% and total cumulative return in cash at $108,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,268/mo property income against a $2,259/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
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