509 W Michigan AveMarshallMI49068
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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 Marshall at 509 W Michigan Ave, Marshall, MI, 49068 priced at $248,000 converts $1,660/mo rent into $24/mo cash flow after a $1,214/mo obligation. Total monthly income equals $1,660/mo, and annual cash flow totals $293/yr on $82,212 invested. Return on cash invested prints 20.27% in year one, and rental yield reads 8.03% against a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,518 by year five. Five-year ROI reaches 105.31% and total cumulative return in cash sums $86,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,660/mo property income covering a $1,214/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49068, Marshall, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,616 (100%) |
| Owner Occupied HU | 4,852 (73.3%) |
| Renter Occupied HU | 1,266 (19.1%) |
| Vacant Housing Units | 498 ( 7.5%) |
| Median Home Value | $244,101 |
| Average Home Value | $290,968 |
Housing Distribution
Address Breakdown
Residential
6,420
Single Family
5,886
Multi-Family
534
Businesses
563
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