6740 W Herbison RdDewittMI48820
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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 Dewitt at 6740 W Herbison Rd, Dewitt, MI, 48820 uses $99,417 cash to close to unlock $1,694/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,119/mo, and a $1,468/mo payment keeps the spread at $141/mo. Purchase price stands at $299,900, and rental yield measures 8.48% with $2,119/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 112.55% and total cumulative return in cash records $111,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,119/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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