114 Mason StDecaturMI49045
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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
Rental property for sale in Decatur at 114 Mason St, Decatur, MI, 49045 priced at $121,000 converts $2,411/mo rent into $1,477/mo cash flow after a $592/mo obligation. Total monthly income equals $2,411/mo, and annual cash flow totals $17,724/yr on $40,112 invested. Return on cash invested prints 64.09% in year one, and rental yield reads 23.91% against a $121,000 entry. Equity gained on principal adds $781/yr, while 5% annual appreciation compiles into $33,430 by year five. Five-year ROI reaches 341.79% and total cumulative return in cash sums $137,097. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,411/mo property income covering a $592/mo payment, not borrower’s personal income.
Single Family
Built in 1922
0.60 Acres 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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