312 Lee StUnion CityMI49094
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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 Union City at 312 Lee St, Union City, MI, 49094 generates $1,507/mo in rent and, after a $685/mo payment, leaves $584/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $7,008/yr on $46,410 invested. Return on cash invested sits at 35.01% in year one, and rental yield is 12.92% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 184.33% and total cumulative return in cash sums $85,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49094, Union City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,298 (71.5%) |
| Renter Occupied HU | 336 (18.5%) |
| Vacant Housing Units | 182 (10.0%) |
| Median Home Value | $157,353 |
| Average Home Value | $197,993 |
Housing Distribution
Address Breakdown
Residential
1,677
Single Family
1,624
Multi-Family
53
Businesses
103
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Listed by: Benny B Wesley • CENTURY 21 Affiliated
Mls Name: MichRIC
Mls Provider:
Mls ID: #24060261
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.