323 S Brady StCorunnaMI48817
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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 Corunna at 323 S Brady St, Corunna, MI, 48817 offers a 9.4% rental yield on a $118,580 purchase with $929/mo rent. Total monthly income registers $929/mo, and a $580/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,769/yr on $39,309 to close, and return on cash invested stands at 24.41% in year one. Equity gained on principal adds $765/yr while 5% annual appreciation supports $32,761 over five years. Portfolio math shows five-year ROI at 127.59% and total cumulative return in cash at $50,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $929/mo property income against a $580/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48817, Corunna, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,965 (71.6%) |
| Renter Occupied HU | 637 (23.2%) |
| Vacant Housing Units | 143 ( 5.2%) |
| Median Home Value | $199,160 |
| Average Home Value | $217,626 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,284
Multi-Family
321
Businesses
166
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