301 W State StCorunnaMI48817
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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 Corunna at 301 W State St, Corunna, MI, 48817 priced at $167,700 pairs $774/mo rent with after a $821/mo payment. Total monthly income equals $774/mo. Return on cash invested is 12.74% in year one, and rental yield stands at 5.54% on a $167,700 basis. Equity gained on principal adds $1,082/yr, and 5% annual appreciation accumulates to $46,332 by year five. Five-year ROI measures 64.92% and total cumulative return in cash reaches $36,091. For financing, Ziffy Mortgage’s DSCR program evaluates $774/mo property income against a $821/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48817, Corunna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,965 (71.6%) |
| Renter Occupied HU | 637 (23.2%) |
| Vacant Housing Units | 143 ( 5.2%) |
| Median Home Value | $199,160 |
| Average Home Value | $217,626 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,284
Multi-Family
321
Businesses
166
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Listed by: Kris Delaney • Coldwell Banker Professionals Morrice/Owosso
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50178736
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