287 Somerset DrCement CityMI49233
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
Investment property for sale in Cement City at 287 Somerset Dr, Cement City, MI, 49233 at $324,900 posts ROI 11.59% with from $1,426/mo rent. Total monthly income equals $1,426/mo. Return on cash invested measures 11.59% and rental yield reads 5.27% at the current $324,900. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 by year five. Five-year ROI prints 58.91% and total cumulative return in cash totals $63,449. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,426/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
0.35 Acres lot
$N/A/sqft
$360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49233, Cement City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,126 (76.3%) |
| Renter Occupied HU | 101 ( 6.8%) |
| Vacant Housing Units | 248 (16.8%) |
| Median Home Value | $287,644 |
| Average Home Value | $316,241 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,316
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony Pruitt • EXP Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25031572
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.