503 S State StHartMI49420
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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 Hart at 503 S State St, Hart, MI, 49420 earns $444/mo cash flow from $1,235/mo rent with a $587/mo payment. Total monthly income totals $1,235/mo, and annual cash flow totals $5,328/yr on $39,780 capital. ROI tracks 33.3% on current figures, and rental yield reads 12.35% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 175.16% and total cumulative return in cash sums $69,679. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,235/mo property income instead of your personal income.
Multi Family
Built in 1870
9,243 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49420, Hart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,834 (62.9%) |
| Renter Occupied HU | 541 (18.5%) |
| Vacant Housing Units | 543 (18.6%) |
| Median Home Value | $178,297 |
| Average Home Value | $224,875 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,527
Multi-Family
91
Businesses
255
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