440 S Ovid StElsieMI48831
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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 Elsie at 440 S Ovid St, Elsie, MI, 48831 with 5% annual appreciation on a $140,000 basis while $1,740/mo rent supports operations. Total monthly income totals $1,740/mo and a $685/mo payment preserves $817/mo for cash returns. Annual cash flow comes to $9,804/yr on $46,410 deployed, and return on cash invested reaches 41.03% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 14.91%. Five-year ROI measures 216.65% and total cumulative return in cash totals $100,546.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,740/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48831, Elsie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,425 (100%) |
| Owner Occupied HU | 1,143 (80.2%) |
| Renter Occupied HU | 202 (14.2%) |
| Vacant Housing Units | 80 ( 5.6%) |
| Median Home Value | $242,931 |
| Average Home Value | $288,241 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,181
Multi-Family
16
Businesses
53
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