235 Leaver StVernonMI48476
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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 Vernon at 235 Leaver St, Vernon, MI, 48476 at $170,000 posts ROI 24.85% with $232/mo cash flow from $1,353/mo rent. Total monthly income equals $1,353/mo, and annual cash flow records $2,784/yr on $56,355 to close. Return on cash invested measures 24.85% and rental yield reads 9.55% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 129.84% and total cumulative return in cash totals $73,173.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,353/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48476, Vernon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 229 (100%) |
| Owner Occupied HU | 184 (80.3%) |
| Renter Occupied HU | 25 (10.9%) |
| Vacant Housing Units | 20 ( 8.7%) |
| Median Home Value | $186,667 |
| Average Home Value | $203,247 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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