188 Cherry StMichigan CenterMI49254
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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 Michigan Center at 188 Cherry St, Michigan Center, MI, 49254 earns $719/mo cash flow from $2,196/mo rent with a $1,096/mo payment. Total monthly income totals $2,196/mo, and annual cash flow totals $8,630/yr on $74,256 capital. ROI tracks 31.53% on current figures, and rental yield reads 11.76% at a $224,000 purchase. Equity gained on principal adds $1,445/yr, and 5% annual appreciation supports $61,887 over five years. Five-year ROI reaches 165.75% and total cumulative return in cash sums $123,079. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,196/mo property income instead of your personal income.
Single Family
Built in 1950
0.32 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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Listed by: Cassie Kurowicki • EXIT Realty 1st
Mls Name: MichRIC
Mls ID: #25051197