113 E South StDecaturMI49045
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 Decatur at 113 E South St, Decatur, MI, 49045 at $169,000 posts ROI 35.07% with $708/mo cash flow from $1,822/mo rent. Total monthly income equals $1,822/mo, and annual cash flow records $8,492/yr on $56,024 to close. Return on cash invested measures 35.07% and rental yield reads 12.94% at the current $169,000. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 by year five. Five-year ROI prints 184.69% and total cumulative return in cash totals $103,471.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,822/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49045, Decatur, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,757 (100%) |
| Owner Occupied HU | 1,745 (63.3%) |
| Renter Occupied HU | 441 (16.0%) |
| Vacant Housing Units | 571 (20.7%) |
| Median Home Value | $235,907 |
| Average Home Value | $283,020 |
Housing Distribution
Address Breakdown
Residential
2,138
Single Family
2,013
Multi-Family
125
Businesses
124
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