203 E Mechanic StYaleMI48097
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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 Yale at 203 E Mechanic St, Yale, MI, 48097 with 5% annual appreciation on a $169,900 basis while $1,314/mo rent supports operations. Total monthly income totals $1,314/mo and a $832/mo payment preserves $193/mo for cash returns. Annual cash flow comes to $2,318/yr on $56,322 deployed, and return on cash invested reaches 24.02% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 9.28%. Five-year ROI measures 125.54% and total cumulative return in cash totals $70,706.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,314/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48097, Yale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,124 (100%) |
| Owner Occupied HU | 1,644 (77.4%) |
| Renter Occupied HU | 326 (15.3%) |
| Vacant Housing Units | 154 ( 7.3%) |
| Median Home Value | $225,103 |
| Average Home Value | $248,183 |
Housing Distribution
Address Breakdown
Residential
2,077
Single Family
1,961
Multi-Family
116
Businesses
127
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