512 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
Rental property for sale in Hart at 512 S State St, Hart, MI, 49420 generates $2,732/mo in rent and, after a $1,154/mo payment, leaves $1,177/mo in cash flow. Total monthly income is $2,732/mo, and annual cash flow is $14,126/yr on $78,168 invested. Return on cash invested sits at 37.98% in year one, and rental yield is 13.9% on a $235,800 entry. Equity gained on principal adds $1,522/yr, while 5% annual appreciation builds toward $65,147 over five years. Five-year ROI reaches 200.34% and total cumulative return in cash sums $156,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,732/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.40 Acres 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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