344 E Main StVermontvilleMI49096
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 Vermontville at 344 E Main St, Vermontville, MI, 49096 offers a 12.79% rental yield on a $128,000 purchase with $1,364/mo rent. Total monthly income registers $1,364/mo, and a $627/mo payment leaves $520/mo available for distribution. Annual cash flow reaches $6,245/yr on $42,432 to close, and return on cash invested stands at 34.63% in year one. Equity gained on principal adds $826/yr while 5% annual appreciation supports $35,364 over five years. Portfolio math shows five-year ROI at 182.35% and total cumulative return in cash at $77,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,364/mo property income against a $627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49096, Vermontville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 1,002 (80.8%) |
| Renter Occupied HU | 164 (13.2%) |
| Vacant Housing Units | 74 ( 6.0%) |
| Median Home Value | $253,727 |
| Average Home Value | $293,565 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,184
Multi-Family
16
Businesses
36
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Listed by: Stacy Schilz • Greenridge Realty (Hastings)
Mls Name: MichRIC
Mls ID: #25062648