214 W Church StRemusMI49340
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 Remus at 214 W Church St, Remus, MI, 49340 offers a 18.47% rental yield on a $140,000 purchase with $2,155/mo rent. Total monthly income registers $2,155/mo, and a $685/mo payment leaves $1,232/mo available for distribution. Annual cash flow reaches $14,784/yr on $46,410 to close, and return on cash invested stands at 51.76% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 274.15% and total cumulative return in cash at $127,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,155/mo property income against a $685/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: 49340, Remus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 1,047 (78.7%) |
| Renter Occupied HU | 160 (12.0%) |
| Vacant Housing Units | 124 ( 9.3%) |
| Median Home Value | $196,680 |
| Average Home Value | $219,105 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,160
Multi-Family
49
Businesses
64
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