307 E State StVicksburgMI49097
Nearby investment properties with comparable rents
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
Rental property for sale in Vicksburg at 307 E State St, Vicksburg, MI, 49097 offers $2,034/mo rent that, after a $587/mo payment, leaves $1,243/mo cash flow. Total monthly income is $2,034/mo, and annual cash flow is $14,916/yr on $39,780 cash. Return on cash invested measures 57.41% in year one, and rental yield stands at 20.34% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 304.42% and total cumulative return in cash reaches $121,099. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49097, Vicksburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,972 (100%) |
| Owner Occupied HU | 4,080 (82.1%) |
| Renter Occupied HU | 609 (12.2%) |
| Vacant Housing Units | 283 ( 5.7%) |
| Median Home Value | $304,244 |
| Average Home Value | $342,436 |
Housing Distribution
Address Breakdown
Residential
4,723
Single Family
4,568
Multi-Family
155
Businesses
243
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