115 N 2nd StCarson CityMI48811
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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 Carson City at 115 N 2nd St, Carson City, MI, 48811 offers a 8.12% rental yield on a $214,900 purchase with $1,454/mo rent. Total monthly income registers $1,454/mo, and a $1,052/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $440/yr on $71,239 to close, and return on cash invested stands at 20.53% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 106.7% and total cumulative return in cash at $76,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,454/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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Listed by: Nathan Jones • Ensley Real Estate
Mls Name: MichRIC
Mls ID: #25061089