404 N Main StCapacMI48014
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
Rental property for sale in Capac at 404 N Main St, Capac, MI, 48014 priced at $350,000 converts $2,734/mo rent into $426/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,734/mo, and annual cash flow totals $5,112/yr on $116,025 invested. Return on cash invested prints 24.31% in year one, and rental yield reads 9.37% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 126.99% and total cumulative return in cash sums $147,338. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,734/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48014, Capac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,740 (100%) |
| Owner Occupied HU | 1,364 (78.4%) |
| Renter Occupied HU | 281 (16.1%) |
| Vacant Housing Units | 95 ( 5.5%) |
| Median Home Value | $220,342 |
| Average Home Value | $270,343 |
Housing Distribution
Address Breakdown
Residential
1,367
Single Family
1,190
Multi-Family
177
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices