120 N Main StScottvilleMI49454
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 Scottville at 120 N Main St, Scottville, MI, 49454 priced at $339,900 converts $930/mo rent into after a $1,664/mo obligation. Total monthly income equals $930/mo. Return on cash invested prints 5.94% in year one, and rental yield reads 3.28% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 28.49% and total cumulative return in cash sums $32,099. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $930/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
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Nearby investment properties with comparable prices
Listed by: Random Nelson Messeder • LIGHTHOUSE REALTY-Ludington
Mls Name: MichRIC
Mls ID: #25022521