114 E State StWhittemoreMI48770
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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 Whittemore at 114 E State St, Whittemore, MI, 48770 listed at $118,000 pairs $906/mo rent with a $578/mo payment to leave $127/mo cash flow. Total monthly income runs $906/mo, and annual cash flow reaches $1,529/yr on $39,117 cash to close. Return on cash invested measures 23.82% in year one, and rental yield registers 9.21% at a $118,000 basis. Equity gained on principal adds $761/yr, and annual property appreciation at 5% supports $32,601 by year five. Five-year ROI tracks 124.43% and total cumulative return in cash totals $48,675. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $906/mo property income relative to a $578/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48770, Whittemore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 993 (100%) |
| Owner Occupied HU | 628 (63.2%) |
| Renter Occupied HU | 121 (12.2%) |
| Vacant Housing Units | 244 (24.6%) |
| Median Home Value | $154,452 |
| Average Home Value | $213,818 |
Housing Distribution
Address Breakdown
Residential
793
Single Family
769
Multi-Family
24
Businesses
42
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Listed by: Christopher Parker • EXP Realty
Mls Name: MiRealSource
Mls ID: #50181827