220 W 6th StImlay CityMI48444
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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 Imlay City at 220 W 6th St, Imlay City, MI, 48444 generates $1,344/mo in rent and, after a $881/mo payment, leaves $157/mo in cash flow. Total monthly income is $1,344/mo, and annual cash flow is $1,886/yr on $59,637 invested. Return on cash invested sits at 23.07% in year one, and rental yield is 8.96% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 120.4% and total cumulative return in cash sums $71,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,344/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Valerie Spicer • RUSH Realty
Mls Name: Realcomp II
Mls ID: #20251036221