331 N State RdCarsonvilleMI48419
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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
Rental property for sale in Carsonville at 331 N State Rd, Carsonville, MI, 48419 generates $3,859/mo in rent and, after a $2,692/mo payment, leaves $232/mo in cash flow. Total monthly income is $3,859/mo, and annual cash flow is $2,784/yr on $180,950 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 8.42% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 112.4% and total cumulative return in cash sums $203,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,859/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
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Listed by: Julie Fagan • eXp Realty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24051343
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.