224 S Summit StWebbervilleMI48892
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 Webberville at 224 S Summit St, Webberville, MI, 48892 offers $1,446/mo rent that, after a $979/mo payment, leaves $127/mo cash flow. Total monthly income is $1,446/mo, and annual cash flow is $1,524/yr on $66,300 cash. Return on cash invested measures 22.21% in year one, and rental yield stands at 8.68% at a $199,999 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 115.69% and total cumulative return in cash reaches $76,700. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,446/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48892, Webberville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,774 (100%) |
| Owner Occupied HU | 1,466 (82.6%) |
| Renter Occupied HU | 239 (13.5%) |
| Vacant Housing Units | 69 ( 3.9%) |
| Median Home Value | $261,180 |
| Average Home Value | $335,373 |
Housing Distribution
Address Breakdown
Residential
1,672
Single Family
1,672
Multi-Family
0
Businesses
84
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Listed by: Heather A Southgate • KW Realty Livingston
Mls Name: Realcomp II
Mls ID: #20251049010