1903 W 1st StScottvilleMI49454
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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
Total monthly income runs $930/mo, and a $2,373/mo payment. Purchase price stands at $484,900, and rental yield measures 2.3% with $930/mo rent. Return on cash invested shows 2.98% in year one, and 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 12.61% and total cumulative return in cash records $20,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $2,373/mo payment rather than investor’s personal income.
Single Family
Built in 2025
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
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Listed by: Jamie Loney • Five Star Real Estate - Ludington
Mls Name: MichRIC
Mls ID: #25057921