261 Athletic StOtisvilleMI48463
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Otisville at 261 Athletic St, Otisville, MI, 48463 offers $1,169/mo rent that, after a $685/mo payment, leaves $246/mo cash flow. Total monthly income is $1,169/mo, and annual cash flow is $2,952/yr on $46,410 cash. Return on cash invested measures 26.27% in year one, and rental yield stands at 10.02% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 137.45% and total cumulative return in cash reaches $63,790. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,169/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48463, Otisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,655 (87.2%) |
| Renter Occupied HU | 138 ( 7.3%) |
| Vacant Housing Units | 106 ( 5.6%) |
| Median Home Value | $219,681 |
| Average Home Value | $238,267 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,731
Multi-Family
0
Businesses
91
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