423 E Prairie StVicksburgMI49097
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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 Vicksburg at 423 E Prairie St, Vicksburg, MI, 49097 priced at $227,700 converts $2,063/mo rent into $562/mo cash flow after a $1,114/mo obligation. Total monthly income equals $2,063/mo, and annual cash flow totals $6,743/yr on $75,483 invested. Return on cash invested prints 28.84% in year one, and rental yield reads 10.87% against a $227,700 entry. Equity gained on principal adds $1,469/yr, while 5% annual appreciation compiles into $62,909 by year five. Five-year ROI reaches 151.26% and total cumulative return in cash sums $114,173. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,063/mo property income covering a $1,114/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49097, Vicksburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,972 (100%) |
| Owner Occupied HU | 4,080 (82.1%) |
| Renter Occupied HU | 609 (12.2%) |
| Vacant Housing Units | 283 ( 5.7%) |
| Median Home Value | $304,244 |
| Average Home Value | $342,436 |
Housing Distribution
Address Breakdown
Residential
4,723
Single Family
4,568
Multi-Family
155
Businesses
243
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