824 E Kent RdMerrillMI48637
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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
Rental property for sale in Merrill at 824 E Kent Rd, Merrill, MI, 48637 priced at $185,000 converts $1,428/mo rent into $209/mo cash flow after a $905/mo obligation. Total monthly income equals $1,428/mo, and annual cash flow totals $2,502/yr on $61,328 invested. Return on cash invested prints 23.99% in year one, and rental yield reads 9.26% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 125.29% and total cumulative return in cash sums $76,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,428/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1955
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48637, Merrill, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,436 (100%) |
| Owner Occupied HU | 1,233 (85.9%) |
| Renter Occupied HU | 114 ( 7.9%) |
| Vacant Housing Units | 89 ( 6.2%) |
| Median Home Value | $207,424 |
| Average Home Value | $271,932 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
54
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Listed by: Tony Lechner • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50161898
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.