324 N Cedar StImlay CityMI48444
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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 Imlay City at 324 N Cedar St, Imlay City, MI, 48444 listed at $164,900 pairs $2,488/mo rent with a $807/mo payment to leave $1,401/mo cash flow. Total monthly income runs $2,488/mo, and annual cash flow reaches $16,808/yr on $54,664 cash to close. Return on cash invested measures 50.66% in year one, and rental yield registers 18.11% at a $164,900 basis. Equity gained on principal adds $1,064/yr, and annual property appreciation at 5% supports $45,559 by year five. Five-year ROI tracks 268.26% and total cumulative return in cash totals $146,644. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,488/mo property income relative to a $807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Michelle Schroeder • Realty Executives Home Towne
Mls Name: MiRealSource
Mls ID: #50193712