413 W Morrell StOtsegoMI49078
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 Otsego at 413 W Morrell St, Otsego, MI, 49078 priced at $154,900 pairs $1,525/mo rent with $483/mo cash flow after a $758/mo payment. Total monthly income equals $1,525/mo, and annual cash flow comes to $5,792/yr on $51,349 invested. Return on cash invested is 31.19% in year one, and rental yield stands at 11.81% on a $154,900 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,796 by year five. Five-year ROI measures 164.07% and total cumulative return in cash reaches $84,248. For financing, Ziffy Mortgage’s DSCR program evaluates $1,525/mo property income against a $758/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
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