7694 N Meridian RdElsieMI48831
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 Elsie at 7694 N Meridian Rd, Elsie, MI, 48831 listed at $379,900 pairs $2,519/mo rent with a $1,859/mo payment to leave $14/mo cash flow. Total monthly income runs $2,519/mo, and annual cash flow reaches $170/yr on $125,937 cash to close. Return on cash invested measures 20.04% in year one, and rental yield registers 7.96% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 104.12% and total cumulative return in cash totals $131,129. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,519/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48831, Elsie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,425 (100%) |
| Owner Occupied HU | 1,143 (80.2%) |
| Renter Occupied HU | 202 (14.2%) |
| Vacant Housing Units | 80 ( 5.6%) |
| Median Home Value | $242,931 |
| Average Home Value | $288,241 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,181
Multi-Family
16
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices