240 W 3rd StImlay CityMI48444
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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 Imlay City at 240 W 3rd St, Imlay City, MI, 48444 offers a 8.1% rental yield on a $230,900 purchase with $1,559/mo rent. Total monthly income registers $1,559/mo, and a $1,130/mo payment leaves $36/mo available for distribution. Annual cash flow reaches $438/yr on $76,543 to close, and return on cash invested stands at 20.48% in year one. Equity gained on principal adds $1,490/yr while 5% annual appreciation supports $63,793 over five years. Portfolio math shows five-year ROI at 106.47% and total cumulative return in cash at $81,493. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,559/mo property income against a $1,130/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Taylor Cobb • Our Home & Co Real Estate
Mls Name: MiRealSource
Mls ID: #50195510