251 N 2nd StMarine CityMI48039
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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 Marine City at 251 N 2nd St, Marine City, MI, 48039 generates $751/mo in rent and, after a $489/mo payment, leaves $92/mo in cash flow. Total monthly income is $751/mo, and annual cash flow is $1,104/yr on $33,150 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 9.01% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash sums $40,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $751/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48039, Marine City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,561 (100%) |
| Owner Occupied HU | 2,639 (74.1%) |
| Renter Occupied HU | 621 (17.4%) |
| Vacant Housing Units | 301 ( 8.5%) |
| Median Home Value | $239,461 |
| Average Home Value | $262,176 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
3,266
Multi-Family
144
Businesses
292
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Listed by: Brent Ditto • Epique Realty
Mls Name: Realcomp II
Mls ID: #20251049184