223 N Clark StChesaningMI48616
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
Investment Highlights
Rental property for sale in Chesaning at 223 N Clark St, Chesaning, MI, 48616 offers $1,778/mo rent that, after a $844/mo payment, leaves $641/mo cash flow. Total monthly income is $1,778/mo, and annual cash flow is $7,689/yr on $57,184 cash. Return on cash invested measures 33.35% in year one, and rental yield stands at 12.37% at a $172,500 entry. Equity gained on principal adds $1,113/yr while 5% annual appreciation compounds into $47,659 by year five. Five-year ROI records 175.48% and total cumulative return in cash reaches $100,346. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,778/mo property income versus a $844/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48616, Chesaning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,089 (100%) |
| Owner Occupied HU | 2,481 (80.3%) |
| Renter Occupied HU | 442 (14.3%) |
| Vacant Housing Units | 166 ( 5.4%) |
| Median Home Value | $183,597 |
| Average Home Value | $214,572 |
Housing Distribution
Address Breakdown
Residential
3,097
Single Family
2,991
Multi-Family
106
Businesses
215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laurie Terry • Coldwell Banker Professionals Morrice/Owosso
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50155606
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/info/mls-disclaimers/#mls_261)