1232 Shiawassee River RdThree RiversMI49093
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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 Three Rivers at 1232 Shiawassee River Rd, Three Rivers, MI, 49093 uses $38,123 cash to close to unlock $1,770/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $906/mo, and a $563/mo payment keeps the spread at $148/mo. Purchase price stands at $115,000, and rental yield measures 9.45% with $906/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 128.36% and total cumulative return in cash records $48,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $906/mo property income covering a $563/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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Listed by: Stacy Schwenk • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020399
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.