404 E Euclid StMc BainMI49657
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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
Rental property for sale in Mc Bain at 404 E Euclid St, Mc Bain, MI, 49657 priced at $239,900 converts $1,754/mo rent into $172/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,754/mo, and annual cash flow totals $2,066/yr on $79,527 invested. Return on cash invested prints 22.51% in year one, and rental yield reads 8.77% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 117.36% and total cumulative return in cash sums $93,331. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,754/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49657, Mc Bain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,530 (100%) |
| Owner Occupied HU | 1,140 (74.5%) |
| Renter Occupied HU | 208 (13.6%) |
| Vacant Housing Units | 182 (11.9%) |
| Median Home Value | $185,563 |
| Average Home Value | $246,134 |
Housing Distribution
Address Breakdown
Residential
1,299
Single Family
1,259
Multi-Family
40
Businesses
95
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