430 Orton StHoward CityMI49329
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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 Howard City at 430 Orton St, Howard City, MI, 49329 priced at $226,500 converts $1,736/mo rent into $242/mo cash flow after a $1,109/mo obligation. Total monthly income equals $1,736/mo, and annual cash flow totals $2,903/yr on $75,085 invested. Return on cash invested prints 23.78% in year one, and rental yield reads 9.2% against a $226,500 entry. Equity gained on principal adds $1,462/yr, while 5% annual appreciation compiles into $62,578 by year five. Five-year ROI reaches 124.12% and total cumulative return in cash sums $93,192. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,736/mo property income covering a $1,109/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Listed by: Susan Dale Pintrick • Felde Realty
Mls Name: MichRIC
Mls ID: #25032785