505 N Spring StDurandMI48429
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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 Durand at 505 N Spring St, Durand, MI, 48429 generates $1,498/mo in rent and, after a $918/mo payment, leaves $261/mo in cash flow. Total monthly income is $1,498/mo, and annual cash flow is $3,135/yr on $62,156 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 9.59% on a $187,500 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 130.48% and total cumulative return in cash sums $81,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,498/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48429, Durand, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,085 (100%) |
| Owner Occupied HU | 3,038 (74.4%) |
| Renter Occupied HU | 814 (19.9%) |
| Vacant Housing Units | 233 ( 5.7%) |
| Median Home Value | $171,859 |
| Average Home Value | $202,854 |
Housing Distribution
Address Breakdown
Residential
3,836
Single Family
3,662
Multi-Family
174
Businesses
195
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