247 21st 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
Investment property for sale in Otsego at 247 21st St, Otsego, MI, 49078 offers a 11.62% rental yield on a $258,900 purchase with $2,506/mo rent. Total monthly income registers $2,506/mo, and a $1,267/mo payment leaves $799/mo available for distribution. Annual cash flow reaches $9,586/yr on $85,825 to close, and return on cash invested stands at 31.08% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,529 over five years. Portfolio math shows five-year ROI at 163.26% and total cumulative return in cash at $140,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,506/mo property income against a $1,267/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
1.34 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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