219 S Mizner 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 219 S Mizner St, Corunna, MI, 48817 with 5% annual appreciation on a $169,900 basis while $1,672/mo rent supports operations. Total monthly income totals $1,672/mo and a $832/mo payment preserves $551/mo for cash returns. Annual cash flow comes to $6,614/yr on $56,322 deployed, and return on cash invested reaches 31.65% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 11.81%. Five-year ROI measures 166.45% and total cumulative return in cash totals $93,746.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,672/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
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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