247 E 1st StOvidMI48866
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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 Ovid at 247 E 1st St, Ovid, MI, 48866 uses $76,212 cash to close to unlock $362/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $1,125/mo payment keeps the spread at $30/mo. Purchase price stands at $229,900, and rental yield measures 8.07% with $1,546/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 105.97% and total cumulative return in cash records $80,759. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1875
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48866, Ovid, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,916 (100%) |
| Owner Occupied HU | 1,544 (80.6%) |
| Renter Occupied HU | 275 (14.4%) |
| Vacant Housing Units | 97 ( 5.1%) |
| Median Home Value | $212,126 |
| Average Home Value | $229,762 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,653
Multi-Family
53
Businesses
84
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