220 W 6th StImlay CityMI48444
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 220 W 6th St, Imlay City, MI, 48444 in Imlay City is narrow, $158/mo net on $1,344/mo rent after the $809/mo debt service, but the property operates at break-even-plus, not a loss. At $179,900 with a 8.96% yield, the long-run equity case via 5% appreciation ($49,703 over five years) and $1,657/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.66 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $78,718.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.0% |
| Monthly Cash Flow | $158 | $450 |
City averages based on Imlay City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,344 |
| Total Monthly Debt Service | $1,115 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Spicer • RUSH Realty
Mls Name: Realcomp II
Mls ID: #20251036221