3220 Merritt St #12ConwayMI49722
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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 Conway at 3220 Merritt St #12, Conway, MI, 49722 listed at $219,900 pairs $1,634/mo rent with a $1,076/mo payment to leave $184/mo cash flow. Total monthly income runs $1,634/mo, and annual cash flow reaches $2,210/yr on $72,897 cash to close. Return on cash invested measures 22.94% in year one, and rental yield registers 8.92% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 119.68% and total cumulative return in cash totals $87,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,634/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A 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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