1987 W Miller RdMorriceMI48857
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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 Morrice at 1987 W Miller Rd, Morrice, MI, 48857 uses $69,615 cash to close to unlock $516/yr annual cash flow and $43/mo monthly cash flow. Total monthly income runs $1,428/mo, and a $1,028/mo payment keeps the spread at $43/mo. Purchase price stands at $210,000, and rental yield measures 8.16% with $1,428/mo rent. Return on cash invested shows 20.65% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 107.34% and total cumulative return in cash records $74,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,428/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1993
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48857, Morrice, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 938 (79.0%) |
| Renter Occupied HU | 170 (14.3%) |
| Vacant Housing Units | 79 ( 6.7%) |
| Median Home Value | $206,053 |
| Average Home Value | $227,348 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
910
Multi-Family
0
Businesses
69
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Listed by: Melinda McSweeney • Redefine Real Estate
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286000
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS