634 N Blacks Corners RdImlay CityMI48444
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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 Imlay City at 634 N Blacks Corners Rd, Imlay City, MI, 48444 priced at $180,000 converts $1,523/mo rent into $336/mo cash flow after a $881/mo obligation. Total monthly income equals $1,523/mo, and annual cash flow totals $4,032/yr on $59,670 invested. Return on cash invested prints 26.67% in year one, and rental yield reads 10.15% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 139.6% and total cumulative return in cash sums $83,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,523/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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Listed by: Trenton Strunk • EXP Realty LLC
Mls Name: MiRealSource
Mls ID: #50189396