241 Center StMichigan CenterMI49254
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Nearby investment properties with comparable prices
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 Michigan Center at 241 Center St, Michigan Center, MI, 49254 earns $686/mo cash flow from $2,137/mo rent with a $1,077/mo payment. Total monthly income totals $2,137/mo, and annual cash flow totals $8,232/yr on $72,930 capital. ROI tracks 31.2% on current figures, and rental yield reads 11.66% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 163.88% and total cumulative return in cash sums $119,519. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,137/mo property income instead of your personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Jessica N Villarreal • Five Star Real Estate-Jackson
Mls Name: MichRIC
Mls ID: #25055066