734 Mendon RdUnion CityMI49094
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 Union City at 734 Mendon Rd, Union City, MI, 49094 priced at $249,900 converts $2,533/mo rent into $885/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,533/mo, and annual cash flow totals $10,622/yr on $82,842 invested. Return on cash invested prints 32.73% in year one, and rental yield reads 12.16% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 172.18% and total cumulative return in cash sums $142,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,533/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1950
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49094, Union City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,298 (71.5%) |
| Renter Occupied HU | 336 (18.5%) |
| Vacant Housing Units | 182 (10.0%) |
| Median Home Value | $157,353 |
| Average Home Value | $197,993 |
Housing Distribution
Address Breakdown
Residential
1,677
Single Family
1,624
Multi-Family
53
Businesses
103
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Nearby investment properties with comparable prices
Listed by: Liza M Graham • Southern Marsh Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24054415
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.