360 Okemos StMasonMI48854
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Mason rental at 360 Okemos St, Mason, MI, 48854 sits in the solid-income band: 11.27% gross yield, $1,784/mo rent, $353/mo net after the $854/mo debt service, DSCR 2.09. Entry price of $189,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $52,466 and $1,749/yr in principal reduction bring total cumulative return to $95,850.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 8.0% |
| Monthly Cash Flow | $353 | $350 |
City averages based on Mason market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,784 |
| Total Monthly Debt Service | $1,356 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48854, Mason, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,950 (100%) |
| Owner Occupied HU | 6,261 (78.8%) |
| Renter Occupied HU | 1,385 (17.4%) |
| Vacant Housing Units | 304 ( 3.8%) |
| Median Home Value | $265,466 |
| Average Home Value | $287,694 |
Housing Distribution
Address Breakdown
Residential
8,001
Single Family
7,459
Multi-Family
542
Businesses
509
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
Single Family
Built in 1930
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48854, Mason, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,950 (100%) |
| Owner Occupied HU | 6,261 (78.8%) |
| Renter Occupied HU | 1,385 (17.4%) |
| Vacant Housing Units | 304 ( 3.8%) |
| Median Home Value | $265,466 |
| Average Home Value | $287,694 |
Housing Distribution
Address Breakdown
Residential
8,001
Single Family
7,459
Multi-Family
542
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peggy Leiby • NextHome Statewide Real Estate
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250013747
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-03-04 16:13:24 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702