255 W 5th StImlay CityMI48444
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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 Imlay City at 255 W 5th St, Imlay City, MI, 48444 offers a 9.49% rental yield on a $179,900 purchase with $1,423/mo rent. Total monthly income registers $1,423/mo, and a $881/mo payment leaves $236/mo available for distribution. Annual cash flow reaches $2,834/yr on $59,637 to close, and return on cash invested stands at 24.66% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 128.94% and total cumulative return in cash at $76,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,423/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Brett S Knybel • KW Platinum
Mls Name: Realcomp II
Mls ID: #20261001889