348 Elm StPortlandMI48875
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 Portland at 348 Elm St, Portland, MI, 48875 offers a 10.11% rental yield on a $190,000 purchase with $1,600/mo rent. Total monthly income registers $1,600/mo, and a $930/mo payment leaves $347/mo available for distribution. Annual cash flow reaches $4,164/yr on $62,985 to close, and return on cash invested stands at 26.52% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 138.81% and total cumulative return in cash at $87,432. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,600/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48875, Portland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 3,418 (77.7%) |
| Renter Occupied HU | 820 (18.6%) |
| Vacant Housing Units | 163 ( 3.7%) |
| Median Home Value | $251,125 |
| Average Home Value | $277,849 |
Housing Distribution
Address Breakdown
Residential
4,375
Single Family
4,065
Multi-Family
310
Businesses
251
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