6306 1st StMayvilleMI48744
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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 Mayville at 6306 1st St, Mayville, MI, 48744 offers a 13.76% rental yield on a $129,900 purchase with $1,490/mo rent. Total monthly income registers $1,490/mo, and a $636/mo payment leaves $633/mo available for distribution. Annual cash flow reaches $7,598/yr on $43,062 to close, and return on cash invested stands at 37.55% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 198.09% and total cumulative return in cash at $85,303. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,490/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48744, Mayville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,055 (100%) |
| Owner Occupied HU | 1,584 (77.1%) |
| Renter Occupied HU | 214 (10.4%) |
| Vacant Housing Units | 257 (12.5%) |
| Median Home Value | $171,774 |
| Average Home Value | $222,188 |
Housing Distribution
Address Breakdown
Residential
1,708
Single Family
1,708
Multi-Family
0
Businesses
70
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