218 W McNeil StCorunnaMI48817
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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 Corunna at 218 W McNeil St, Corunna, MI, 48817 uses $49,692 cash to close to unlock $10,574/yr annual cash flow and $881/mo monthly cash flow. Total monthly income runs $1,870/mo, and a $734/mo payment keeps the spread at $881/mo. Purchase price stands at $149,900, and rental yield measures 14.97% with $1,870/mo rent. Return on cash invested shows 41.19% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 217.55% and total cumulative return in cash records $108,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,870/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1936
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48817, Corunna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,965 (71.6%) |
| Renter Occupied HU | 637 (23.2%) |
| Vacant Housing Units | 143 ( 5.2%) |
| Median Home Value | $199,160 |
| Average Home Value | $217,626 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,284
Multi-Family
321
Businesses
166
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