234 E Hammond StOtsegoMI49078
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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 Otsego at 234 E Hammond St, Otsego, MI, 49078 generates $1,155/mo in rent and, after a $710/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,155/mo, and annual cash flow is $2,183/yr on $48,068 invested. Return on cash invested sits at 24.45% in year one, and rental yield is 9.56% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 127.86% and total cumulative return in cash sums $61,460. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,155/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
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