430 S Higbee StReed CityMI49677
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 Reed City at 430 S Higbee St, Reed City, MI, 49677 at $219,900 posts ROI 20.16% with $15/mo cash flow from $1,465/mo rent. Total monthly income equals $1,465/mo, and annual cash flow records $182/yr on $72,897 to close. Return on cash invested measures 20.16% and rental yield reads 7.99% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 104.75% and total cumulative return in cash totals $76,360.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,465/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1913
0.25 Acres 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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