250 S Merritt RdMerrittMI49667
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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
Rental property for sale in Merritt at 250 S Merritt Rd, Merritt, MI, 49667 priced at $174,900 converts $1,376/mo rent into $223/mo cash flow after a $856/mo obligation. Total monthly income equals $1,376/mo, and annual cash flow totals $2,672/yr on $57,979 invested. Return on cash invested prints 24.52% in year one, and rental yield reads 9.44% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 128.11% and total cumulative return in cash sums $74,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,376/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49667, Merritt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 511 (100%) |
| Owner Occupied HU | 259 (50.7%) |
| Renter Occupied HU | 29 ( 5.7%) |
| Vacant Housing Units | 223 (43.6%) |
| Median Home Value | $165,878 |
| Average Home Value | $198,929 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
22
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