229 Johnson StAlmontMI48003
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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
Investment property for sale in Almont at 229 Johnson St, Almont, MI, 48003 listed at $244,900 pairs $1,832/mo rent with a $1,199/mo payment to leave $217/mo cash flow. Total monthly income runs $1,832/mo, and annual cash flow reaches $2,600/yr on $81,184 cash to close. Return on cash invested measures 23.11% in year one, and rental yield registers 8.98% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 120.55% and total cumulative return in cash totals $97,865. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,832/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48003, Almont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,657 (100%) |
| Owner Occupied HU | 2,290 (86.2%) |
| Renter Occupied HU | 244 ( 9.2%) |
| Vacant Housing Units | 123 ( 4.6%) |
| Median Home Value | $315,236 |
| Average Home Value | $358,599 |
Housing Distribution
Address Breakdown
Residential
2,268
Single Family
2,029
Multi-Family
239
Businesses
197
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