304 W Pine StCarson CityMI48811
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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 Carson City at 304 W Pine St, Carson City, MI, 48811 at $218,000 posts ROI 20.86% with $57/mo cash flow from $1,495/mo rent. Total monthly income equals $1,495/mo, and annual cash flow records $689/yr on $72,267 to close. Return on cash invested measures 20.86% and rental yield reads 8.23% at the current $218,000. Equity gained on principal adds $1,407/yr, and 5% annual appreciation supports $60,229 by year five. Five-year ROI prints 108.52% and total cumulative return in cash totals $78,427.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,495/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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Nearby investment properties with comparable prices
Listed by: Andrea R Belding • Flat River Associates - Real E
Mls Name: MichRIC
Mls Provider:
Mls ID: #25056144
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.