295 Leaver StVernonMI48476
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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
Rental property for sale in Vernon at 295 Leaver St, Vernon, MI, 48476 priced at $179,000 converts $1,348/mo rent into $168/mo cash flow after a $876/mo obligation. Total monthly income equals $1,348/mo, and annual cash flow totals $2,012/yr on $59,339 invested. Return on cash invested prints 23.3% in year one, and rental yield reads 9.04% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 121.59% and total cumulative return in cash sums $72,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,348/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48476, Vernon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 229 (100%) |
| Owner Occupied HU | 184 (80.3%) |
| Renter Occupied HU | 25 (10.9%) |
| Vacant Housing Units | 20 ( 8.7%) |
| Median Home Value | $186,667 |
| Average Home Value | $203,247 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: Scott Fader • Joseph Walter Realty, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251025646
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-08-10 07:09:27 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702