502 Dean DrOwossoMI48867
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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 Owosso at 502 Dean Dr, Owosso, MI, 48867 priced at $174,900 converts $1,661/mo rent into $508/mo cash flow after a $856/mo obligation. Total monthly income equals $1,661/mo, and annual cash flow totals $6,092/yr on $57,979 invested. Return on cash invested prints 30.42% in year one, and rental yield reads 11.4% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 159.74% and total cumulative return in cash sums $92,616. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,661/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
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