306 N Carland StMarionMI49665
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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 Marion at 306 N Carland St, Marion, MI, 49665 offers a 9.38% rental yield on a $134,900 purchase with $1,054/mo rent. Total monthly income registers $1,054/mo, and a $660/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,976/yr on $44,719 to close, and return on cash invested stands at 24.33% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 127.1% and total cumulative return in cash at $56,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,054/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49665, Marion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 1,452 (62.9%) |
| Renter Occupied HU | 264 (11.4%) |
| Vacant Housing Units | 592 (25.6%) |
| Median Home Value | $178,947 |
| Average Home Value | $221,439 |
Housing Distribution
Address Breakdown
Residential
1,789
Single Family
1,757
Multi-Family
32
Businesses
74
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