3050 Hibbard RdCorunnaMI48817
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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 Corunna at 3050 Hibbard Rd, Corunna, MI, 48817 at $308,700 posts ROI 18.76% with from $1,938/mo rent. Total monthly income equals $1,938/mo. Return on cash invested measures 18.76% and rental yield reads 7.53% at the current $308,700. Equity gained on principal adds $1,992/yr, and 5% annual appreciation supports $85,288 by year five. Five-year ROI prints 97.27% and total cumulative return in cash totals $99,535. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,938/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
5.29 Acres 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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Nearby investment properties with comparable prices
Listed by: Susan Matznick • The Home Office Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50171710
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