6356 Morris StMarletteMI48453
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
Investment property for sale in Marlette at 6356 Morris St, Marlette, MI, 48453 earns $42/mo cash flow from $1,295/mo rent with a $930/mo payment. Total monthly income totals $1,295/mo, and annual cash flow totals $504/yr on $62,985 capital. ROI tracks 20.71% on current figures, and rental yield reads 8.18% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 107.65% and total cumulative return in cash sums $67,800. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,295/mo property income instead of your personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48453, Marlette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,431 (69.2%) |
| Renter Occupied HU | 443 (21.4%) |
| Vacant Housing Units | 194 ( 9.4%) |
| Median Home Value | $170,585 |
| Average Home Value | $215,910 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,901
Multi-Family
130
Businesses
187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices