175 Cheney StImlay CityMI48444
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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 Imlay City at 175 Cheney St, Imlay City, MI, 48444 uses $67,924 cash to close to unlock $1,364/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $1,465/mo, and a $1,003/mo payment keeps the spread at $114/mo. Purchase price stands at $204,900, and rental yield measures 8.58% with $1,465/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 114.14% and total cumulative return in cash records $77,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,465/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Alex Lengemann • Realty Volution.com
Mls Name: Realcomp II
Mls ID: #20251056672