308 Water StParisMI49338
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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 Paris at 308 Water St, Paris, MI, 49338 priced at $119,900 pairs $1,505/mo rent with $714/mo cash flow after a $587/mo payment. Total monthly income equals $1,505/mo, and annual cash flow comes to $8,570/yr on $39,747 invested. Return on cash invested is 41.47% in year one, and rental yield stands at 15.06% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 219.13% and total cumulative return in cash reaches $87,096. For financing, Ziffy Mortgage’s DSCR program evaluates $1,505/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1986
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49338, Paris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 982 (100%) |
| Owner Occupied HU | 691 (70.4%) |
| Renter Occupied HU | 120 (12.2%) |
| Vacant Housing Units | 171 (17.4%) |
| Median Home Value | $181,250 |
| Average Home Value | $208,969 |
Housing Distribution
Address Breakdown
Residential
829
Single Family
829
Multi-Family
0
Businesses
32
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