145 N Johnson StMerrillMI48637
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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 Merrill at 145 N Johnson St, Merrill, MI, 48637 with 5% annual appreciation on a $153,900 basis while $1,197/mo rent supports operations. Total monthly income totals $1,197/mo and a $753/mo payment preserves $182/mo for cash returns. Annual cash flow comes to $2,188/yr on $51,018 deployed, and return on cash invested reaches 24.2% in year one. Equity gained on principal adds $993/yr, and five-year appreciation sums $42,520 alongside rental yield of 9.33%. Five-year ROI measures 126.44% and total cumulative return in cash totals $64,506.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,197/mo property income versus a $753/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48637, Merrill, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,436 (100%) |
| Owner Occupied HU | 1,233 (85.9%) |
| Renter Occupied HU | 114 ( 7.9%) |
| Vacant Housing Units | 89 ( 6.2%) |
| Median Home Value | $207,424 |
| Average Home Value | $271,932 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
54
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