120 S High StLeslieMI49251
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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 Leslie at 120 S High St, Leslie, MI, 49251 offers $1,510/mo rent that, after a $947/mo payment, leaves $234/mo cash flow. Total monthly income is $1,510/mo, and annual cash flow is $2,808/yr on $64,145 cash. Return on cash invested measures 24.29% in year one, and rental yield stands at 9.36% at a $193,500 entry. Equity gained on principal adds $1,249/yr while 5% annual appreciation compounds into $53,460 by year five. Five-year ROI records 126.94% and total cumulative return in cash reaches $81,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,510/mo property income versus a $947/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49251, Leslie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 2,147 (81.6%) |
| Renter Occupied HU | 342 (13.0%) |
| Vacant Housing Units | 141 ( 5.4%) |
| Median Home Value | $241,615 |
| Average Home Value | $265,642 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,274
Multi-Family
31
Businesses
117
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