17193 Three Mile RdMorleyMI49336
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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 Morley at 17193 Three Mile Rd, Morley, MI, 49336 uses $61,328 cash to close to unlock $4,866/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $1,625/mo, and a $905/mo payment keeps the spread at $406/mo. Purchase price stands at $185,000, and rental yield measures 10.54% with $1,625/mo rent. Return on cash invested shows 27.84% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 145.97% and total cumulative return in cash records $89,523. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,625/mo property income covering a $905/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
2.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49336, Morley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,690 (100%) |
| Owner Occupied HU | 1,293 (76.5%) |
| Renter Occupied HU | 202 (12.0%) |
| Vacant Housing Units | 195 (11.5%) |
| Median Home Value | $168,695 |
| Average Home Value | $190,775 |
Housing Distribution
Address Breakdown
Residential
1,620
Single Family
1,620
Multi-Family
0
Businesses
44
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