4308 W Mulberry RdMorenciMI49256
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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
Investment property for sale in Morenci at 4308 W Mulberry Rd, Morenci, MI, 49256 offers a 8.2% rental yield on a $324,900 purchase with $2,220/mo rent. Total monthly income registers $2,220/mo, and a $1,590/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $932/yr on $107,704 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 108.02% and total cumulative return in cash at $116,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49256, Morenci, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,620 (100%) |
| Owner Occupied HU | 1,121 (69.2%) |
| Renter Occupied HU | 368 (22.7%) |
| Vacant Housing Units | 131 ( 8.1%) |
| Median Home Value | $158,817 |
| Average Home Value | $224,275 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,512
Multi-Family
24
Businesses
111
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