405 N Main StImlay CityMI48444
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 Imlay City at 405 N Main St, Imlay City, MI, 48444 priced at $139,900 converts $1,096/mo rent into $154/mo cash flow after a $685/mo obligation. Total monthly income equals $1,096/mo, and annual cash flow totals $1,853/yr on $46,377 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 9.4% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 125.03% and total cumulative return in cash sums $57,987. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,096/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Bina Zuccaro • REMAX Plus
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50163600
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