217 N Pickard StMarionMI49665
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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 Marion at 217 N Pickard St, Marion, MI, 49665 offers a 9.11% rental yield on a $164,900 purchase with $1,252/mo rent. Total monthly income registers $1,252/mo, and a $807/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,976/yr on $54,664 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 122.79% and total cumulative return in cash at $67,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,252/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49665, Marion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 1,452 (62.9%) |
| Renter Occupied HU | 264 (11.4%) |
| Vacant Housing Units | 592 (25.6%) |
| Median Home Value | $178,947 |
| Average Home Value | $221,439 |
Housing Distribution
Address Breakdown
Residential
1,789
Single Family
1,757
Multi-Family
32
Businesses
74
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