411 N Higbee StReed CityMI49677
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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 Reed City at 411 N Higbee St, Reed City, MI, 49677 offers $1,027/mo rent that, after a $636/mo payment, leaves $170/mo cash flow. Total monthly income is $1,027/mo, and annual cash flow is $2,040/yr on $43,095 cash. Return on cash invested measures 24.64% in year one, and rental yield stands at 9.48% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 128.76% and total cumulative return in cash reaches $55,491. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,027/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49677, Reed City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,264 (100%) |
| Owner Occupied HU | 2,110 (64.6%) |
| Renter Occupied HU | 620 (19.0%) |
| Vacant Housing Units | 534 (16.4%) |
| Median Home Value | $150,676 |
| Average Home Value | $194,569 |
Housing Distribution
Address Breakdown
Residential
2,875
Single Family
2,714
Multi-Family
161
Businesses
240
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