122 S Lincoln StHoward CityMI49329
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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 Howard City at 122 S Lincoln St, Howard City, MI, 49329 offers a 8.73% rental yield on a $224,900 purchase with $1,637/mo rent. Total monthly income registers $1,637/mo, and a $1,101/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,844/yr on $74,554 to close, and return on cash invested stands at 22.38% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 116.65% and total cumulative return in cash at $86,965. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,637/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
7,071 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A