224 S Ferris RdSumnerMI48889
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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 Sumner at 224 S Ferris Rd, Sumner, MI, 48889 priced at $155,000 converts $1,217/mo rent into $195/mo cash flow after a $759/mo obligation. Total monthly income equals $1,217/mo, and annual cash flow totals $2,334/yr on $51,383 invested. Return on cash invested prints 24.45% in year one, and rental yield reads 9.42% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 127.8% and total cumulative return in cash sums $65,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,217/mo property income covering a $759/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48889, Sumner, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 482 (77.5%) |
| Renter Occupied HU | 102 (16.4%) |
| Vacant Housing Units | 38 ( 6.1%) |
| Median Home Value | $170,089 |
| Average Home Value | $201,748 |
Housing Distribution
Address Breakdown
Residential
547
Single Family
547
Multi-Family
0
Businesses
12
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