141 W Pearl StOVIDMI48866
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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 OVID at 141 W Pearl St, OVID, MI, 48866 uses $79,527 cash to close to unlock $4,346/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,174/mo payment keeps the spread at $362/mo. Purchase price stands at $239,900, and rental yield measures 9.72% with $1,944/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 132.72% and total cumulative return in cash records $105,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48866, Ovid, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,916 (100%) |
| Owner Occupied HU | 1,544 (80.6%) |
| Renter Occupied HU | 275 (14.4%) |
| Vacant Housing Units | 97 ( 5.1%) |
| Median Home Value | $212,126 |
| Average Home Value | $229,762 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,653
Multi-Family
53
Businesses
84
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