620 W Prairie StVicksburgMI49097
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 Vicksburg at 620 W Prairie St, Vicksburg, MI, 49097 priced at $225,000 converts $1,515/mo rent into $32/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,515/mo, and annual cash flow totals $378/yr on $74,588 invested. Return on cash invested prints 20.42% in year one, and rental yield reads 8.08% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 106.12% and total cumulative return in cash sums $79,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,515/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49097, Vicksburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,972 (100%) |
| Owner Occupied HU | 4,080 (82.1%) |
| Renter Occupied HU | 609 (12.2%) |
| Vacant Housing Units | 283 ( 5.7%) |
| Median Home Value | $304,244 |
| Average Home Value | $342,436 |
Housing Distribution
Address Breakdown
Residential
4,723
Single Family
4,568
Multi-Family
155
Businesses
243
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices