145 S 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 S Johnson St, Merrill, MI, 48637 earns $120/mo cash flow from $977/mo rent with a $636/mo payment. Total monthly income totals $977/mo, and annual cash flow totals $1,440/yr on $43,095 capital. ROI tracks 23.25% on current figures, and rental yield reads 9.02% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 121.27% and total cumulative return in cash sums $52,263. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $977/mo property income instead of your personal income.
Single Family
Built in 1950
5,227 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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