15 E Wall StDouglasMI49406
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 Douglas at 15 E Wall St, Douglas, MI, 49406 with 5% annual appreciation on a $458,600 basis while $3,173/mo rent supports operations. Total monthly income totals $3,173/mo and a $2,245/mo payment preserves $39/mo for cash returns. Annual cash flow comes to $474/yr on $152,026 deployed, and return on cash invested reaches 20.22% in year one. Equity gained on principal adds $2,959/yr, and five-year appreciation sums $126,703 alongside rental yield of 8.3%. Five-year ROI measures 105.36% and total cumulative return in cash totals $160,182.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,173/mo property income versus a $2,245/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49406, Douglas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 532 (56.0%) |
| Renter Occupied HU | 87 ( 9.2%) |
| Vacant Housing Units | 331 (34.8%) |
| Median Home Value | $398,734 |
| Average Home Value | $557,721 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
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