205 E Leigh St, Homer, MI, 49245 | $537/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
864 sft

307 Locust St, Marshall, MI, 49068

3 Bed
2 Bath
1080 sft

26506 E Baseline Dr, Charlotte, MI, 48813

4 Bed
2 Bath
- sft

2922-2926 Chapel Rd, Parma, MI, 49269

2 Bed
1 Bath
1000 sft

628 Walnut Ln, Union City, MI, 49094

Nearby investment properties with comparable prices

3 Bed
2 Bath
1216 sft

8760 W Mosherville Rd, Litchfield, MI, 49252

3 Bed
2 Bath
1512 sft

4380 Forteen Mile Rd, Tekonsha, MI, 49092

3 Bed
1 Bath
1600 sft

1015 S Marshall Ave, Marshall, MI, 49068

2 Bed
1 Bath
880 sft

1109 Terpenning St, Albion, MI, 49224

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Homer at 205 E Leigh St, Homer, MI, 49245 with 5% annual appreciation on a $124,500 basis while $1,358/mo rent supports operations. Total monthly income totals $1,358/mo and a $609/mo payment preserves $537/mo for cash returns. Annual cash flow comes to $6,448/yr on $41,272 deployed, and return on cash invested reaches 35.53% in year one. Equity gained on principal adds $803/yr, and five-year appreciation sums $34,397 alongside rental yield of 13.09%. Five-year ROI measures 187.26% and total cumulative return in cash totals $77,284.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,358/mo property income versus a $609/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1900

7,405 sqft lot

$N/A/sqft

No HOA