220 S State StHartMI49420
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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 Hart at 220 S State St, Hart, MI, 49420 with 5% annual appreciation on a $204,900 basis while $1,640/mo rent supports operations. Total monthly income totals $1,640/mo and a $1,003/mo payment preserves $289/mo for cash returns. Annual cash flow comes to $3,464/yr on $67,924 deployed, and return on cash invested reaches 25.01% in year one. Equity gained on principal adds $1,322/yr, and five-year appreciation sums $56,610 alongside rental yield of 9.6%. Five-year ROI measures 130.73% and total cumulative return in cash totals $88,798.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,640/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49420, Hart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,834 (62.9%) |
| Renter Occupied HU | 541 (18.5%) |
| Vacant Housing Units | 543 (18.6%) |
| Median Home Value | $178,297 |
| Average Home Value | $224,875 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,527
Multi-Family
91
Businesses
255
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