204 S Emerald WayMorriceMI48857
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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 204 S Emerald Way, Morrice, MI, 48857 earns $298/mo cash flow from $2,078/mo rent with a $1,321/mo payment. Total monthly income totals $2,078/mo, and annual cash flow totals $3,578/yr on $89,472 capital. ROI tracks 23.91% on current figures, and rental yield reads 9.24% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 124.87% and total cumulative return in cash sums $111,726. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,078/mo property income instead of your personal income.
Single Family
Built in 2002
0.64 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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