322 S 3rd StEdmoreMI48829
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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 Edmore at 322 S 3rd St, Edmore, MI, 48829 uses $49,692 cash to close to unlock $5,750/yr annual cash flow and $479/mo monthly cash flow. Total monthly income runs $1,468/mo, and a $734/mo payment keeps the spread at $479/mo. Purchase price stands at $149,900, and rental yield measures 11.75% with $1,468/mo rent. Return on cash invested shows 31.48% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 165.54% and total cumulative return in cash records $82,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,468/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48829, Edmore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,047 (69.0%) |
| Renter Occupied HU | 315 (20.8%) |
| Vacant Housing Units | 155 (10.2%) |
| Median Home Value | $169,929 |
| Average Home Value | $196,390 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
102
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