324 S North StOtsegoMI49078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Otsego at 324 S North St, Otsego, MI, 49078 earns $964/mo cash flow from $2,447/mo rent with a $1,101/mo payment. Total monthly income totals $2,447/mo, and annual cash flow totals $11,564/yr on $74,554 capital. ROI tracks 35.42% on current figures, and rental yield reads 13.06% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 186.57% and total cumulative return in cash sums $139,093. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,447/mo property income instead of your personal income.
Multi Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
