390 Delaware StMohawkMI49950
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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 Mohawk at 390 Delaware St, Mohawk, MI, 49950 uses $36,134 cash to close to unlock $1,760/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $866/mo, and a $534/mo payment keeps the spread at $147/mo. Purchase price stands at $109,000, and rental yield measures 9.53% with $866/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 129.55% and total cumulative return in cash records $46,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $866/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49950, Mohawk, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,498 (100%) |
| Owner Occupied HU | 496 (33.1%) |
| Renter Occupied HU | 66 ( 4.4%) |
| Vacant Housing Units | 936 (62.5%) |
| Median Home Value | $175,962 |
| Average Home Value | $250,680 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
40
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