176 N State StMichigan CenterMI49254
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
Rental property for sale in Michigan Center at 176 N State St, Michigan Center, MI, 49254 offers $1,790/mo rent that, after a $1,121/mo payment, leaves $280/mo cash flow. Total monthly income is $1,790/mo, and annual cash flow is $3,356/yr on $75,914 cash. Return on cash invested measures 24.33% in year one, and rental yield stands at 9.38% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 127.1% and total cumulative return in cash reaches $96,485. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,790/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
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Nearby investment properties with comparable prices
Listed by: LAURA BRANIGAN • HOWARD HANNA REAL ESTATE SERVI
Mls Name: MichRIC
Mls Provider:
Mls ID: #24050053
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.