201 W South StMorriceMI48857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morrice at 201 W South St, Morrice, MI, 48857 priced at $104,900 converts $843/mo rent into $152/mo cash flow after a $513/mo obligation. Total monthly income equals $843/mo, and annual cash flow totals $1,820/yr on $34,774 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 9.64% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 131.49% and total cumulative return in cash sums $45,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $843/mo property income covering a $513/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices