2627 Morin GrvErieMI48133
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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
Investment property for sale in Erie at 2627 Morin Grv, Erie, MI, 48133 listed at $115,000 pairs $868/mo rent with a $563/mo payment to leave $110/mo cash flow. Total monthly income runs $868/mo, and annual cash flow reaches $1,314/yr on $38,123 cash to close. Return on cash invested measures 23.36% in year one, and rental yield registers 9.06% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 121.91% and total cumulative return in cash totals $46,473. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $868/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48133, Erie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,167 (100%) |
| Owner Occupied HU | 1,767 (81.5%) |
| Renter Occupied HU | 225 (10.4%) |
| Vacant Housing Units | 175 ( 8.1%) |
| Median Home Value | $236,638 |
| Average Home Value | $248,434 |
Housing Distribution
Address Breakdown
Residential
2,474
Single Family
2,474
Multi-Family
0
Businesses
131
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Listed by: Mary Jo Swartz • Vandergrift Company - Lambertville
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50182959
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