347 N Main StMarine CityMI48039
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
Rental property for sale in Marine City at 347 N Main St, Marine City, MI, 48039 priced at $184,900 converts $1,523/mo rent into $304/mo cash flow after a $905/mo obligation. Total monthly income equals $1,523/mo, and annual cash flow totals $3,644/yr on $61,294 invested. Return on cash invested prints 25.85% in year one, and rental yield reads 9.88% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 135.27% and total cumulative return in cash sums $82,915. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,523/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48039, Marine City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,561 (100%) |
| Owner Occupied HU | 2,639 (74.1%) |
| Renter Occupied HU | 621 (17.4%) |
| Vacant Housing Units | 301 ( 8.5%) |
| Median Home Value | $239,461 |
| Average Home Value | $262,176 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
3,266
Multi-Family
144
Businesses
292
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Nearby investment properties with comparable prices
Listed by: Ariel Radtke Johns • KW Platinum
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50183585
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