508 N Main StScottvilleMI49454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Scottville at 508 N Main St, Scottville, MI, 49454 priced at $129,900 pairs $1,010/mo rent with $153/mo cash flow after a $636/mo payment. Total monthly income equals $1,010/mo, and annual cash flow comes to $1,838/yr on $43,062 invested. Return on cash invested is 24.18% in year one, and rental yield stands at 9.33% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 126.37% and total cumulative return in cash reaches $54,415. For financing, Ziffy Mortgage’s DSCR program evaluates $1,010/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49454, Scottville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,062 (100%) |
| Owner Occupied HU | 1,528 (74.1%) |
| Renter Occupied HU | 298 (14.5%) |
| Vacant Housing Units | 236 (11.4%) |
| Median Home Value | $197,500 |
| Average Home Value | $236,271 |
Housing Distribution
Address Breakdown
Residential
1,907
Single Family
1,811
Multi-Family
96
Businesses
140
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Nearby investment properties with comparable prices
Listed by: Kevin S. Bishop • NextHome Realty Now
Mls Name: MichRIC
Mls ID: #25046247