405 N Monroe StBlissfieldMI49228
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 Blissfield at 405 N Monroe St, Blissfield, MI, 49228 priced at $234,900 converts $2,089/mo rent into $540/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,089/mo, and annual cash flow totals $6,476/yr on $77,869 invested. Return on cash invested prints 28.23% in year one, and rental yield reads 10.67% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 147.98% and total cumulative return in cash sums $115,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,089/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49228, Blissfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,269 (100%) |
| Owner Occupied HU | 1,812 (79.9%) |
| Renter Occupied HU | 345 (15.2%) |
| Vacant Housing Units | 112 ( 4.9%) |
| Median Home Value | $214,419 |
| Average Home Value | $272,837 |
Housing Distribution
Address Breakdown
Residential
2,275
Single Family
2,224
Multi-Family
51
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donovan Ross • eXp Realty LLC in Monroe
Mls Name: MiRealSource
Mls ID: #50185290