224 Elm AveRoscommonMI48653
Nearby investment properties with comparable rents
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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 Roscommon at 224 Elm Ave, Roscommon, MI, 48653 offers $1,679/mo rent that, after a $1,708/mo payment. Total monthly income is $1,679/mo. Return on cash invested measures 13.45% in year one, and rental yield stands at 5.77% at a $348,900 entry. Equity gained on principal adds $2,251/yr while 5% annual appreciation compounds into $96,395 by year five. Five-year ROI records 68.77% and total cumulative return in cash reaches $79,540. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,679/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48653, Roscommon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,279 (100%) |
| Owner Occupied HU | 4,207 (40.9%) |
| Renter Occupied HU | 576 ( 5.6%) |
| Vacant Housing Units | 5,496 (53.5%) |
| Median Home Value | $191,323 |
| Average Home Value | $270,341 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,638
Multi-Family
112
Businesses
285
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