213 S Wood StHerseyMI49639
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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 Hersey at 213 S Wood St, Hersey, MI, 49639 offers a 10.74% rental yield on a $149,000 purchase with $1,333/mo rent. Total monthly income registers $1,333/mo, and a $729/mo payment leaves $351/mo available for distribution. Annual cash flow reaches $4,208/yr on $49,394 to close, and return on cash invested stands at 28.43% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 149.1% and total cumulative return in cash at $73,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,333/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49639, Hersey, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,551 (100%) |
| Owner Occupied HU | 993 (64.0%) |
| Renter Occupied HU | 166 (10.7%) |
| Vacant Housing Units | 392 (25.3%) |
| Median Home Value | $165,032 |
| Average Home Value | $201,694 |
Housing Distribution
Address Breakdown
Residential
1,108
Single Family
1,108
Multi-Family
0
Businesses
31
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