124 W Walnut StMorenciMI49256
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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 Morenci at 124 W Walnut St, Morenci, MI, 49256 generates $1,193/mo in rent and, after a $636/mo payment, leaves $336/mo in cash flow. Total monthly income is $1,193/mo, and annual cash flow is $4,034/yr on $43,062 invested. Return on cash invested sits at 29.28% in year one, and rental yield is 11.02% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 153.73% and total cumulative return in cash sums $66,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,193/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49256, Morenci, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,620 (100%) |
| Owner Occupied HU | 1,121 (69.2%) |
| Renter Occupied HU | 368 (22.7%) |
| Vacant Housing Units | 131 ( 8.1%) |
| Median Home Value | $158,817 |
| Average Home Value | $224,275 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,512
Multi-Family
24
Businesses
111
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