3661 N Us Highway 31ScottvilleMI49454
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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 Scottville at 3661 N Us Highway 31, Scottville, MI, 49454 offers a 3.43% rental yield on a $325,000 purchase with $930/mo rent. 39% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 30.91% and total cumulative return in cash at $33,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
2.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
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Listed by: Renee Malburg • Five Star Real Estate - Ludington
Mls Name: MichRIC
Mls ID: #25040778