613 S Main StOvidMI48866
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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 Ovid at 613 S Main St, Ovid, MI, 48866 generates $905/mo in rent and, after a $582/mo payment, leaves $121/mo in cash flow. Total monthly income is $905/mo, and annual cash flow is $1,448/yr on $39,449 invested. Return on cash invested sits at 23.58% in year one, and rental yield is 9.13% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash sums $48,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $905/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48866, Ovid, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,916 (100%) |
| Owner Occupied HU | 1,544 (80.6%) |
| Renter Occupied HU | 275 (14.4%) |
| Vacant Housing Units | 97 ( 5.1%) |
| Median Home Value | $212,126 |
| Average Home Value | $229,762 |
Housing Distribution
Address Breakdown
Residential
1,706
Single Family
1,653
Multi-Family
53
Businesses
84
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