404 E Main StCarson CityMI48811
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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 Carson City at 404 E Main St, Carson City, MI, 48811 generates $1,024/mo in rent and, after a $636/mo payment, leaves $167/mo in cash flow. Total monthly income is $1,024/mo, and annual cash flow is $2,004/yr on $43,095 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.45% on a $129,999 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,916 over five years. Five-year ROI reaches 128.29% and total cumulative return in cash sums $55,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,024/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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Listed by: Christian J Huyge • Polaris Real Estate LLC
Mls Name: MichRIC
Mls ID: #25036740