400 S Elm StScottvilleMI49454
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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 400 S Elm St, Scottville, MI, 49454 with 5% annual appreciation on a $355,000 basis while $3,342/mo rent supports operations. Total monthly income totals $3,342/mo and a $1,738/mo payment preserves $1,001/mo for cash returns. Annual cash flow comes to $12,006/yr on $117,683 deployed, and return on cash invested reaches 30.11% in year one. Equity gained on principal adds $2,291/yr, and five-year appreciation sums $98,080 alongside rental yield of 11.3%. Five-year ROI measures 158.09% and total cumulative return in cash totals $186,048.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,342/mo property income versus a $1,738/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1982
3.11 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: JP Duvendeck • CENTURY 21 Bayshore
Mls Name: MichRIC
Mls ID: #25048417