315 E Main StVernonMI48476
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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
Investment property for sale in Vernon at 315 E Main St, Vernon, MI, 48476 with 5% annual appreciation on a $225,000 basis while $2,000/mo rent supports operations. Total monthly income totals $2,000/mo and a $1,101/mo payment preserves $517/mo for cash returns. Annual cash flow comes to $6,198/yr on $74,588 deployed, and return on cash invested reaches 28.22% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 10.67%. Five-year ROI measures 147.95% and total cumulative return in cash totals $110,349.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,000/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48476, Vernon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 229 (100%) |
| Owner Occupied HU | 184 (80.3%) |
| Renter Occupied HU | 25 (10.9%) |
| Vacant Housing Units | 20 ( 8.7%) |
| Median Home Value | $186,667 |
| Average Home Value | $203,247 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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