607 S Cedar StOwossoMI48867
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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 Owosso at 607 S Cedar St, Owosso, MI, 48867 offers $874/mo rent that, after a $538/mo payment, leaves $149/mo cash flow. Total monthly income is $874/mo, and annual cash flow is $1,790/yr on $36,432 cash. Return on cash invested measures 24.82% in year one, and rental yield stands at 9.54% at a $109,900 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,363 by year five. Five-year ROI records 129.85% and total cumulative return in cash reaches $47,308. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $874/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
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