414 S Chicago StLitchfieldMI49252
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
Investment property for sale in Litchfield at 414 S Chicago St, Litchfield, MI, 49252 uses $82,875 cash to close to unlock $1,176/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,747/mo, and a $1,224/mo payment keeps the spread at $98/mo. Purchase price stands at $250,000, and rental yield measures 8.39% with $1,747/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash records $91,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,747/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1970
4.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49252, Litchfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 847 (72.8%) |
| Renter Occupied HU | 257 (22.1%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $150,107 |
| Average Home Value | $184,383 |
Housing Distribution
Address Breakdown
Residential
1,040
Single Family
1,016
Multi-Family
24
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: NEAL W SANFORD • Preview Properties PC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25030792
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.