117 E South StOvidMI48866
Nearby investment properties with comparable rents
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 Ovid at 117 E South St, Ovid, MI, 48866 offers $1,293/mo rent that, after a $807/mo payment, leaves $206/mo cash flow. Total monthly income is $1,293/mo, and annual cash flow is $2,468/yr on $54,664 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 9.41% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 127.62% and total cumulative return in cash reaches $69,760. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,293/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48866, Ovid, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,916 (100%) |
| Owner Occupied HU | 1,544 (80.6%) |
| Renter Occupied HU | 275 (14.4%) |
| Vacant Housing Units | 97 ( 5.1%) |
| Median Home Value | $212,126 |
| Average Home Value | $229,762 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,653
Multi-Family
53
Businesses
84
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