402 Pearl StMorenciMI49256
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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 Morenci at 402 Pearl St, Morenci, MI, 49256 uses $35,769 cash to close to unlock $1,435/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $831/mo, and a $528/mo payment keeps the spread at $120/mo. Purchase price stands at $107,900, and rental yield measures 9.24% with $831/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $29,811 over five years. Five-year ROI reaches 124.94% and total cumulative return in cash records $44,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $831/mo property income covering a $528/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49256, Morenci, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,620 (100%) |
| Owner Occupied HU | 1,121 (69.2%) |
| Renter Occupied HU | 368 (22.7%) |
| Vacant Housing Units | 131 ( 8.1%) |
| Median Home Value | $158,817 |
| Average Home Value | $224,275 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,512
Multi-Family
24
Businesses
111
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