7990 M 66East LeroyMI49051
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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 East Leroy at 7990 M 66, East Leroy, MI, 49051 listed at $246,000 pairs $1,250/mo rent with a $1,204/mo payment. Total monthly income runs $1,250/mo. Return on cash invested measures 13.96% in year one, and rental yield registers 6.1% at a $246,000 basis. Equity gained on principal adds $1,587/yr, and annual property appreciation at 5% supports $67,965 by year five. Five-year ROI tracks 71.65% and total cumulative return in cash totals $58,430. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,250/mo property income relative to a $1,204/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
5.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
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Listed by: Dustin Damon • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #25024441
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.