20590 Gratiot RdMerrillMI48637
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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 Merrill at 20590 Gratiot Rd, Merrill, MI, 48637 generates $1,858/mo in rent and, after a $1,224/mo payment, leaves $209/mo in cash flow. Total monthly income is $1,858/mo, and annual cash flow is $2,508/yr on $82,875 invested. Return on cash invested sits at 22.94% in year one, and rental yield is 8.92% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 119.58% and total cumulative return in cash sums $99,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,858/mo property income rather than buyer’s personal income.
Single Family
Built in 1874
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48637, Merrill, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,436 (100%) |
| Owner Occupied HU | 1,233 (85.9%) |
| Renter Occupied HU | 114 ( 7.9%) |
| Vacant Housing Units | 89 ( 6.2%) |
| Median Home Value | $207,424 |
| Average Home Value | $271,932 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
54
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