114 W Walnut StMorenciMI49256
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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 Morenci at 114 W Walnut St, Morenci, MI, 49256 uses $36,465 cash to close to unlock $1,668/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $864/mo, and a $538/mo payment keeps the spread at $139/mo. Purchase price stands at $110,000, and rental yield measures 9.43% with $864/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 127.88% and total cumulative return in cash records $46,632. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $864/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1925
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49256, Morenci, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,620 (100%) |
| Owner Occupied HU | 1,121 (69.2%) |
| Renter Occupied HU | 368 (22.7%) |
| Vacant Housing Units | 131 ( 8.1%) |
| Median Home Value | $158,817 |
| Average Home Value | $224,275 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,512
Multi-Family
24
Businesses
111
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