621 Southern RdMontgomeryMI49255
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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 Montgomery at 621 Southern Rd, Montgomery, MI, 49255 priced at $537,500 converts $3,084/mo rent into after a $2,631/mo obligation. Total monthly income equals $3,084/mo. Return on cash invested prints 16.93% in year one, and rental yield reads 6.89% against a $537,500 entry. Equity gained on principal adds $3,468/yr, while 5% annual appreciation compiles into $148,501 by year five. Five-year ROI reaches 87.41% and total cumulative return in cash sums $154,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,084/mo property income covering a $2,631/mo payment, not borrower’s personal income.
Single Family
Built in 1988
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49255, Montgomery, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 808 (100%) |
| Owner Occupied HU | 544 (67.3%) |
| Renter Occupied HU | 103 (12.7%) |
| Vacant Housing Units | 161 (19.9%) |
| Median Home Value | $197,297 |
| Average Home Value | $275,524 |
Housing Distribution
Address Breakdown
Residential
662
Single Family
662
Multi-Family
0
Businesses
8
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Nearby investment properties with comparable prices
Listed by: Lisa Downey • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #25023117
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.