6162 Mitchell RdPalmyraMI49268
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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
Investment property for sale in Palmyra at 6162 Mitchell Rd, Palmyra, MI, 49268 earns $126/mo cash flow from $851/mo rent with a $538/mo payment. Total monthly income totals $851/mo, and annual cash flow totals $1,512/yr on $36,465 capital. ROI tracks 24.06% on current figures, and rental yield reads 9.28% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 125.64% and total cumulative return in cash sums $45,816. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $851/mo property income instead of your personal income.
Manufactured
Built in 1986
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49268, Palmyra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 410 (79.0%) |
| Renter Occupied HU | 70 (13.5%) |
| Vacant Housing Units | 39 ( 7.5%) |
| Median Home Value | $214,000 |
| Average Home Value | $264,116 |
Housing Distribution
Address Breakdown
Residential
400
Single Family
400
Multi-Family
0
Businesses
9
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