401 E 3rd StHerseyMI49639
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
Investment Highlights
Investment property for sale in Hersey at 401 E 3rd St, Hersey, MI, 49639 offers a 26.96% rental yield on a $149,900 purchase with $3,368/mo rent. Total monthly income registers $3,368/mo, and a $734/mo payment leaves $2,379/mo available for distribution. Annual cash flow reaches $28,550/yr on $49,692 to close, and return on cash invested stands at 77.36% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 411.57% and total cumulative return in cash at $204,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,368/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1888
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49639, Hersey, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,551 (100%) |
| Owner Occupied HU | 993 (64.0%) |
| Renter Occupied HU | 166 (10.7%) |
| Vacant Housing Units | 392 (25.3%) |
| Median Home Value | $165,032 |
| Average Home Value | $201,694 |
Housing Distribution
Address Breakdown
Residential
1,108
Single Family
1,108
Multi-Family
0
Businesses
31
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