128 E Lagrange 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
Investment property for sale in Morenci at 128 E Lagrange St, Morenci, MI, 49256 at $114,900 posts ROI 23.96% with $129/mo cash flow from $886/mo rent. Total monthly income equals $886/mo, and annual cash flow records $1,544/yr on $38,089 to close. Return on cash invested measures 23.96% and rental yield reads 9.25% at the current $114,900. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 by year five. Five-year ROI prints 125.14% and total cumulative return in cash totals $47,666.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $886/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1850
0.28 Acres 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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