263 Sullivan RdUnion CityMI49094
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 Union City at 263 Sullivan Rd, Union City, MI, 49094 offers $2,381/mo rent that, after a $1,640/mo payment, leaves $172/mo cash flow. Total monthly income is $2,381/mo, and annual cash flow is $2,058/yr on $111,053 cash. Return on cash invested measures 21.76% in year one, and rental yield stands at 8.53% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 113.33% and total cumulative return in cash reaches $125,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,381/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49094, Union City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,298 (71.5%) |
| Renter Occupied HU | 336 (18.5%) |
| Vacant Housing Units | 182 (10.0%) |
| Median Home Value | $157,353 |
| Average Home Value | $197,993 |
Housing Distribution
Address Breakdown
Residential
1,677
Single Family
1,624
Multi-Family
53
Businesses
103
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Listed by: Martha Schumacher • Towne & Country Real Estate, LLC
Mls Name: MichRIC
Mls ID: #24063575