12210 W Washington AveMount MorrisMI48458
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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 Mount Morris at 12210 W Washington Ave, Mount Morris, MI, 48458 generates $1,244/mo in rent and, after a $514/mo payment, leaves $552/mo in cash flow. Total monthly income is $1,244/mo, and annual cash flow is $6,618/yr on $34,808 invested. Return on cash invested sits at 38.92% in year one, and rental yield is 14.22% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 205.44% and total cumulative return in cash sums $71,510. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,244/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48458, Mount Morris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 5,702 (62.0%) |
| Renter Occupied HU | 2,454 (26.7%) |
| Vacant Housing Units | 1,046 (11.4%) |
| Median Home Value | $111,359 |
| Average Home Value | $156,507 |
Housing Distribution
Address Breakdown
Residential
8,037
Single Family
6,871
Multi-Family
1,166
Businesses
312
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Listed by: Jordan D Smith • Tremaine Real Estate
Mls Name: Realcomp II
Mls ID: #20261000681