220 Huron LnMarine CityMI48039
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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
Rental property for sale in Marine City at 220 Huron Ln, Marine City, MI, 48039 priced at $199,900 pairs $1,919/mo rent with $601/mo cash flow after a $978/mo payment. Total monthly income equals $1,919/mo, and annual cash flow comes to $7,214/yr on $66,267 invested. Return on cash invested is 30.8% in year one, and rental yield stands at 11.52% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 161.82% and total cumulative return in cash reaches $107,233. For financing, Ziffy Mortgage’s DSCR program evaluates $1,919/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48039, Marine City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,561 (100%) |
| Owner Occupied HU | 2,639 (74.1%) |
| Renter Occupied HU | 621 (17.4%) |
| Vacant Housing Units | 301 ( 8.5%) |
| Median Home Value | $239,461 |
| Average Home Value | $262,176 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
3,266
Multi-Family
144
Businesses
292
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Listed by: Wynne E Achatz • Real Estate One Westrick-Marine City
Mls Name: MiRealSource
Mls ID: #50187641