187 Merrimack DrHowellMI48843
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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
Rental property for sale in Howell at 187 Merrimack Dr, Howell, MI, 48843 priced at $364,900 pairs $3,050/mo rent with $501/mo cash flow after a $1,786/mo payment. Total monthly income equals $3,050/mo, and annual cash flow comes to $6,008/yr on $120,964 invested. Return on cash invested is 24.88% in year one, and rental yield stands at 10.03% on a $364,900 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,815 by year five. Five-year ROI measures 130.53% and total cumulative return in cash reaches $157,896. For financing, Ziffy Mortgage’s DSCR program evaluates $3,050/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
5,227 sqft lot
$N/A/sqft
$143 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48843, Howell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,156 (100%) |
| Owner Occupied HU | 15,805 (78.4%) |
| Renter Occupied HU | 3,715 (18.4%) |
| Vacant Housing Units | 636 ( 3.2%) |
| Median Home Value | $367,579 |
| Average Home Value | $397,756 |
Housing Distribution
Address Breakdown
Residential
19,681
Single Family
18,246
Multi-Family
1,435
Businesses
1,098
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Listed by: Jackie Ream • Wentworth Real Estate Group
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240077027
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-01-11 04:34:38 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702