515 Locust StHoward CityMI49329
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 Howard City at 515 Locust St, Howard City, MI, 49329 generates $1,947/mo in rent and, after a $1,223/mo payment, leaves $299/mo in cash flow. Total monthly income is $1,947/mo, and annual cash flow is $3,590/yr on $82,842 invested. Return on cash invested sits at 24.24% in year one, and rental yield is 9.35% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash sums $104,930. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,947/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Nearby investment properties with comparable prices
Listed by: Kevin M Irwin, II • Five Star Real Estate (Rock)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25033243
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.