493 Richard StQuincyMI49082
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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 Quincy at 493 Richard St, Quincy, MI, 49082 generates $1,507/mo in rent and, after a $929/mo payment, leaves $255/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $3,062/yr on $62,952 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 9.52% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 129.52% and total cumulative return in cash sums $81,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49082, Quincy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,102 (100%) |
| Owner Occupied HU | 2,037 (65.7%) |
| Renter Occupied HU | 419 (13.5%) |
| Vacant Housing Units | 646 (20.8%) |
| Median Home Value | $194,318 |
| Average Home Value | $234,561 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,532
Multi-Family
74
Businesses
129
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