211 Huron LnMarine CityMI48039
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marine City at 211 Huron Ln, Marine City, MI, 48039 offers a 9.21% rental yield on a $199,900 purchase with $1,535/mo rent. Total monthly income registers $1,535/mo, and a $978/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,606/yr on $66,267 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 124.52% and total cumulative return in cash at $82,513. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,535/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48039, Marine City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,561 (100%) |
| Owner Occupied HU | 2,639 (74.1%) |
| Renter Occupied HU | 621 (17.4%) |
| Vacant Housing Units | 301 ( 8.5%) |
| Median Home Value | $239,461 |
| Average Home Value | $262,176 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
3,266
Multi-Family
144
Businesses
292
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Listed by: Carol Lukity • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls ID: #50187460