3143 Merritt StConwayMI49722
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 Conway at 3143 Merritt St, Conway, MI, 49722 priced at $397,500 pairs $1,964/mo rent with after a $1,946/mo payment. Total monthly income equals $1,964/mo. Return on cash invested is 13.92% in year one, and rental yield stands at 5.93% on a $397,500 basis. Equity gained on principal adds $2,565/yr, and 5% annual appreciation accumulates to $109,822 by year five. Five-year ROI measures 71.29% and total cumulative return in cash reaches $93,935. For financing, Ziffy Mortgage’s DSCR program evaluates $1,964/mo property income against a $1,946/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49722, Conway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Nearby investment properties with comparable prices
