2695 Ovid StCrystalMI48818
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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 Crystal at 2695 Ovid St, Crystal, MI, 48818 uses $46,410 cash to close to unlock $2,028/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $1,092/mo, and a $685/mo payment keeps the spread at $169/mo. Purchase price stands at $140,000, and rental yield measures 9.36% with $1,092/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 126.8% and total cumulative return in cash records $58,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,092/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48818, Crystal, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 800 (58.6%) |
| Renter Occupied HU | 145 (10.6%) |
| Vacant Housing Units | 421 (30.8%) |
| Median Home Value | $234,231 |
| Average Home Value | $278,194 |
Housing Distribution
Address Breakdown
Residential
1,031
Single Family
1,031
Multi-Family
0
Businesses
44
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