205 Sylvia DrCorunnaMI48817
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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
Rental property for sale in Corunna at 205 Sylvia Dr, Corunna, MI, 48817 priced at $225,000 converts $2,300/mo rent into $817/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,300/mo, and annual cash flow totals $9,798/yr on $74,588 invested. Return on cash invested prints 33.05% in year one, and rental yield reads 12.27% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 173.85% and total cumulative return in cash sums $129,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,300/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48817, Corunna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,965 (71.6%) |
| Renter Occupied HU | 637 (23.2%) |
| Vacant Housing Units | 143 ( 5.2%) |
| Median Home Value | $199,160 |
| Average Home Value | $217,626 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,284
Multi-Family
321
Businesses
166
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