328 E Michigan AveAu GresMI48703
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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 Au Gres at 328 E Michigan Ave, Au Gres, MI, 48703 uses $49,692 cash to close to unlock $2,402/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,189/mo, and a $734/mo payment keeps the spread at $200/mo. Purchase price stands at $149,900, and rental yield measures 9.52% with $1,189/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 129.39% and total cumulative return in cash records $64,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,189/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48703, Au Gres, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,325 (45.3%) |
| Renter Occupied HU | 216 ( 7.4%) |
| Vacant Housing Units | 1,382 (47.3%) |
| Median Home Value | $204,223 |
| Average Home Value | $248,306 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,528
Multi-Family
60
Businesses
108
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