6917 PennyJohannesburgMI49751
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
Rental property for sale in Johannesburg at 6917 Penny, Johannesburg, MI, 49751 priced at $198,500 converts $2,281/mo rent into $955/mo cash flow after a $972/mo obligation. Total monthly income equals $2,281/mo, and annual cash flow totals $11,459/yr on $65,803 invested. Return on cash invested prints 37.32% in year one, and rental yield reads 13.79% against a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation compiles into $54,842 by year five. Five-year ROI reaches 196.85% and total cumulative return in cash sums $129,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,281/mo property income covering a $972/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49751, Johannesburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,998 (100%) |
| Owner Occupied HU | 807 (40.4%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,120 (56.1%) |
| Median Home Value | $246,101 |
| Average Home Value | $268,259 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
49
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Nearby investment properties with comparable prices
Listed by: Shawn E Huston • Huston Real Estate, Inc.
Mls Name: WWMLS
Mls Provider:
Mls ID: #201831113
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