224 W McNeil StCorunnaMI48817
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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 Corunna at 224 W McNeil St, Corunna, MI, 48817 offers $1,076/mo rent that, after a $685/mo payment, leaves $153/mo cash flow. Total monthly income is $1,076/mo, and annual cash flow is $1,838/yr on $46,377 cash. Return on cash invested measures 23.87% in year one, and rental yield stands at 9.23% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 124.75% and total cumulative return in cash reaches $57,855. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,076/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48817, Corunna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,965 (71.6%) |
| Renter Occupied HU | 637 (23.2%) |
| Vacant Housing Units | 143 ( 5.2%) |
| Median Home Value | $199,160 |
| Average Home Value | $217,626 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,284
Multi-Family
321
Businesses
166
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