113 Ward StCroswellMI48422
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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 Croswell at 113 Ward St, Croswell, MI, 48422 priced at $142,500 converts $1,094/mo rent into $155/mo cash flow after a $697/mo obligation. Total monthly income equals $1,094/mo, and annual cash flow totals $1,857/yr on $47,239 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 9.21% against a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation compiles into $39,370 by year five. Five-year ROI reaches 124.46% and total cumulative return in cash sums $58,791. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,094/mo property income covering a $697/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48422, Croswell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,769 (100%) |
| Owner Occupied HU | 2,044 (73.8%) |
| Renter Occupied HU | 484 (17.5%) |
| Vacant Housing Units | 241 ( 8.7%) |
| Median Home Value | $180,859 |
| Average Home Value | $216,363 |
Housing Distribution
Address Breakdown
Residential
2,589
Single Family
2,440
Multi-Family
149
Businesses
157
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