220 E Emerson StIthacaMI48847
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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 Ithaca at 220 E Emerson St, Ithaca, MI, 48847 listed at $129,000 pairs $1,317/mo rent with a $631/mo payment to leave $467/mo cash flow. Total monthly income runs $1,317/mo, and annual cash flow reaches $5,600/yr on $42,764 cash to close. Return on cash invested measures 33.01% in year one, and rental yield registers 12.25% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 173.62% and total cumulative return in cash totals $74,245. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,317/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1959
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48847, Ithaca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,615 (100%) |
| Owner Occupied HU | 1,866 (71.4%) |
| Renter Occupied HU | 523 (20.0%) |
| Vacant Housing Units | 226 ( 8.6%) |
| Median Home Value | $169,856 |
| Average Home Value | $200,805 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,462
Multi-Family
66
Businesses
239
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Listed by: Micah Kemler • 43 NORTH REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1930868
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.