1903 Herman StOwossoMI48867
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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 Owosso at 1903 Herman St, Owosso, MI, 48867 priced at $209,950 pairs $1,704/mo rent with $319/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,704/mo, and annual cash flow comes to $3,829/yr on $69,598 invested. Return on cash invested is 25.41% in year one, and rental yield stands at 9.74% on a $209,950 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,005 by year five. Five-year ROI measures 132.93% and total cumulative return in cash reaches $92,520. For financing, Ziffy Mortgage’s DSCR program evaluates $1,704/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1970
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
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Listed by: KIM OMER • RE/MAX OF OWOSSO
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50169990
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