205 Grove StOtisvilleMI48463
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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 Otisville at 205 Grove St, Otisville, MI, 48463 offers a 13.69% rental yield on a $137,200 purchase with $1,565/mo rent. Total monthly income registers $1,565/mo, and a $672/mo payment leaves $660/mo available for distribution. Annual cash flow reaches $7,917/yr on $45,482 to close, and return on cash invested stands at 37.32% in year one. Equity gained on principal adds $885/yr while 5% annual appreciation supports $37,906 over five years. Portfolio math shows five-year ROI at 196.74% and total cumulative return in cash at $89,479. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,565/mo property income against a $672/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48463, Otisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,655 (87.2%) |
| Renter Occupied HU | 138 ( 7.3%) |
| Vacant Housing Units | 106 ( 5.6%) |
| Median Home Value | $219,681 |
| Average Home Value | $238,267 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,731
Multi-Family
0
Businesses
91
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