1299 Elizabeth StMount 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
Investment property for sale in Mount Morris at 1299 Elizabeth St, Mount Morris, MI, 48458 earns $529/mo cash flow from $1,417/mo rent with a $659/mo payment. Total monthly income totals $1,417/mo, and annual cash flow totals $6,348/yr on $44,653 capital. ROI tracks 34.13% on current figures, and rental yield reads 12.62% at a $134,700 purchase. Equity gained on principal adds $869/yr, and 5% annual appreciation supports $37,215 over five years. Five-year ROI reaches 179.6% and total cumulative return in cash sums $80,198. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,417/mo property income instead of your personal income.
Single Family
Built in 1980
0.26 Acres 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: Gary Hobson • REMAX Edge
Mls Name: MiRealSource
Mls ID: #50188588