1173 S Hollister RdOvidMI48866
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 1173 S Hollister Rd, Ovid, MI, 48866 priced at $284,900 pairs $2,092/mo rent with $214/mo cash flow after a $1,394/mo payment. Total monthly income equals $2,092/mo, and annual cash flow comes to $2,564/yr on $94,444 invested. Return on cash invested is 22.62% in year one, and rental yield stands at 8.81% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 117.94% and total cumulative return in cash reaches $111,383. For financing, Ziffy Mortgage’s DSCR program evaluates $2,092/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
2.07 Acres 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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Listed by: Charles Poag • Charles Poag Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170348
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