119 W Osceola AveReed CityMI49677
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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 Reed City at 119 W Osceola Ave, Reed City, MI, 49677 uses $46,377 cash to close to unlock $1,838/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,076/mo, and a $685/mo payment keeps the spread at $153/mo. Purchase price stands at $139,900, and rental yield measures 9.23% with $1,076/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 124.75% and total cumulative return in cash records $57,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,076/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49677, Reed City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,264 (100%) |
| Owner Occupied HU | 2,110 (64.6%) |
| Renter Occupied HU | 620 (19.0%) |
| Vacant Housing Units | 534 (16.4%) |
| Median Home Value | $150,676 |
| Average Home Value | $194,569 |
Housing Distribution
Address Breakdown
Residential
2,875
Single Family
2,714
Multi-Family
161
Businesses
240
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