224 Cherry StBlissfieldMI49228
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
Investment property for sale in Blissfield at 224 Cherry St, Blissfield, MI, 49228 earns $190/mo cash flow from $1,442/mo rent with a $929/mo payment. Total monthly income totals $1,442/mo, and annual cash flow totals $2,282/yr on $62,952 capital. ROI tracks 23.53% on current figures, and rental yield reads 9.11% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 122.88% and total cumulative return in cash sums $77,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,442/mo property income instead of your personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49228, Blissfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,269 (100%) |
| Owner Occupied HU | 1,812 (79.9%) |
| Renter Occupied HU | 345 (15.2%) |
| Vacant Housing Units | 112 ( 4.9%) |
| Median Home Value | $214,419 |
| Average Home Value | $272,837 |
Housing Distribution
Address Breakdown
Residential
2,275
Single Family
2,224
Multi-Family
51
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Smith • Real Estate One Southgate
Mls Name: MiRealSource
Mls ID: #50195191