308 S Wilmott StOtsegoMI49078
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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 Otsego at 308 S Wilmott St, Otsego, MI, 49078 priced at $210,000 converts $2,849/mo rent into $1,464/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,849/mo, and annual cash flow totals $17,568/yr on $69,615 invested. Return on cash invested prints 45.14% in year one, and rental yield reads 16.28% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 238.69% and total cumulative return in cash sums $166,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,849/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
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