488 Willow 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
Investment property for sale in Howard City at 488 Willow St, Howard City, MI, 49329 offers a 11.22% rental yield on a $195,000 purchase with $1,823/mo rent. Total monthly income registers $1,823/mo, and a $954/mo payment leaves $538/mo available for distribution. Annual cash flow reaches $6,450/yr on $64,643 to close, and return on cash invested stands at 29.89% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 156.92% and total cumulative return in cash at $101,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,823/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
7,840 sqft 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: Lacey M Sauline • ERA Reardon Realty Great Lakes
Mls Name: MichRIC
Mls ID: #25032885