118 E Franklin StOtsegoMI49078
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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
Rental property for sale in Otsego at 118 E Franklin St, Otsego, MI, 49078 priced at $200,000 converts $1,417/mo rent into $98/mo cash flow after a $979/mo obligation. Total monthly income equals $1,417/mo, and annual cash flow totals $1,176/yr on $66,300 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 8.5% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 112.88% and total cumulative return in cash sums $74,840. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1880
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
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