219 E Oliver StCorunnaMI48817
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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
Rental property for sale in Corunna at 219 E Oliver St, Corunna, MI, 48817 priced at $198,000 pairs $1,518/mo rent with $212/mo cash flow after a $969/mo payment. Total monthly income equals $1,518/mo, and annual cash flow comes to $2,549/yr on $65,637 invested. Return on cash invested is 23.79% in year one, and rental yield stands at 9.2% on a $198,000 basis. Equity gained on principal adds $1,278/yr, and 5% annual appreciation accumulates to $54,704 by year five. Five-year ROI measures 124.23% and total cumulative return in cash reaches $81,544. For financing, Ziffy Mortgage’s DSCR program evaluates $1,518/mo property income against a $969/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.32 Acres 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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