350 S Johnson StMerrillMI48637
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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
Investment property for sale in Merrill at 350 S Johnson St, Merrill, MI, 48637 offers a 8.37% rental yield on a $230,000 purchase with $1,604/mo rent. Total monthly income registers $1,604/mo, and a $1,126/mo payment leaves $87/mo available for distribution. Annual cash flow reaches $1,044/yr on $76,245 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 110.7% and total cumulative return in cash at $84,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,604/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48637, Merrill, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,436 (100%) |
| Owner Occupied HU | 1,233 (85.9%) |
| Renter Occupied HU | 114 ( 7.9%) |
| Vacant Housing Units | 89 ( 6.2%) |
| Median Home Value | $207,424 |
| Average Home Value | $271,932 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
54
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