137 Michigan StConcordMI49237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Concord at 137 Michigan St, Concord, MI, 49237 at $135,000 posts ROI 24.48% with $171/mo cash flow from $1,061/mo rent. Total monthly income equals $1,061/mo, and annual cash flow records $2,046/yr on $44,753 to close. Return on cash invested measures 24.48% and rental yield reads 9.43% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 127.96% and total cumulative return in cash totals $57,265.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,061/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49237, Concord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 1,029 (80.5%) |
| Renter Occupied HU | 142 (11.1%) |
| Vacant Housing Units | 107 ( 8.4%) |
| Median Home Value | $234,517 |
| Average Home Value | $255,493 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,115
Multi-Family
0
Businesses
68
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Nearby investment properties with comparable prices
Listed by: Penny Brecht • 43 NORTH REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928871
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.