404 Ellen StUnion CityMI49094
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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 Union City at 404 Ellen St, Union City, MI, 49094 priced at $154,900 converts $1,244/mo rent into $223/mo cash flow after a $758/mo obligation. Total monthly income equals $1,244/mo, and annual cash flow totals $2,672/yr on $51,349 invested. Return on cash invested prints 25.11% in year one, and rental yield reads 9.64% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 131.33% and total cumulative return in cash sums $67,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,244/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49094, Union City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,298 (71.5%) |
| Renter Occupied HU | 336 (18.5%) |
| Vacant Housing Units | 182 (10.0%) |
| Median Home Value | $157,353 |
| Average Home Value | $197,993 |
Housing Distribution
Address Breakdown
Residential
1,677
Single Family
1,624
Multi-Family
53
Businesses
103
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Listed by: Braden Bates • Real Estate Elite Team
Mls Name: MichRIC
Mls ID: #25058751