2230 S Meridian RdOvidMI48866
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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 Ovid at 2230 S Meridian Rd, Ovid, MI, 48866 uses $139,197 cash to close to unlock $4,346/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $3,131/mo, and a $2,055/mo payment keeps the spread at $362/mo. Purchase price stands at $419,900, and rental yield measures 8.95% with $3,131/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 120.14% and total cumulative return in cash records $167,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,131/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48866, Ovid, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,916 (100%) |
| Owner Occupied HU | 1,544 (80.6%) |
| Renter Occupied HU | 275 (14.4%) |
| Vacant Housing Units | 97 ( 5.1%) |
| Median Home Value | $212,126 |
| Average Home Value | $229,762 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,653
Multi-Family
53
Businesses
84
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