332 W Upton AveReed CityMI49677
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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 Reed City at 332 W Upton Ave, Reed City, MI, 49677 priced at $189,000 converts $1,543/mo rent into $297/mo cash flow after a $925/mo obligation. Total monthly income equals $1,543/mo, and annual cash flow totals $3,560/yr on $62,654 invested. Return on cash invested prints 25.59% in year one, and rental yield reads 9.8% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 133.88% and total cumulative return in cash sums $83,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,543/mo property income covering a $925/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49677, Reed City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,264 (100%) |
| Owner Occupied HU | 2,110 (64.6%) |
| Renter Occupied HU | 620 (19.0%) |
| Vacant Housing Units | 534 (16.4%) |
| Median Home Value | $150,676 |
| Average Home Value | $194,569 |
Housing Distribution
Address Breakdown
Residential
2,875
Single Family
2,714
Multi-Family
161
Businesses
240
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