236 Ely StAlmaMI48801
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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 Alma at 236 Ely St, Alma, MI, 48801 uses $34,476 cash to close to unlock $5,234/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $1,122/mo, and a $509/mo payment keeps the spread at $436/mo. Purchase price stands at $104,000, and rental yield measures 12.95% with $1,122/mo rent. Return on cash invested shows 35.09% in year one, and 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 184.93% and total cumulative return in cash records $63,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,122/mo property income covering a $509/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48801, Alma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,977 (100%) |
| Owner Occupied HU | 3,219 (64.7%) |
| Renter Occupied HU | 1,374 (27.6%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $135,782 |
| Average Home Value | $176,817 |
Housing Distribution
Address Breakdown
Residential
4,884
Single Family
4,551
Multi-Family
333
Businesses
504
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Listed by: Micah Kemler • 43 NORTH REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929774
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.