208 E Erie RdTemperanceMI48182
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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 Temperance at 208 E Erie Rd, Temperance, MI, 48182 priced at $259,900 pairs $2,563/mo rent with $849/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,563/mo, and annual cash flow comes to $10,190/yr on $86,157 invested. Return on cash invested is 31.74% in year one, and rental yield stands at 11.83% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 166.86% and total cumulative return in cash reaches $143,758. For financing, Ziffy Mortgage’s DSCR program evaluates $2,563/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1865
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48182, Temperance, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,855 (100%) |
| Owner Occupied HU | 8,042 (81.6%) |
| Renter Occupied HU | 1,499 (15.2%) |
| Vacant Housing Units | 314 ( 3.2%) |
| Median Home Value | $269,058 |
| Average Home Value | $288,379 |
Housing Distribution
Address Breakdown
Residential
9,133
Single Family
8,790
Multi-Family
343
Businesses
368
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Listed by: Sandra Dibert • Wiens And Roth Real Estate - Lambertville
Mls Name: MiRealSource
Mls ID: #50193369