8288 Packard RdMorenciMI49256
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 Morenci at 8288 Packard Rd, Morenci, MI, 49256 earns $836/mo cash flow from $2,748/mo rent with a $1,419/mo payment. Total monthly income totals $2,748/mo, and annual cash flow totals $10,034/yr on $96,102 capital. ROI tracks 30.35% on current figures, and rental yield reads 11.37% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 159.4% and total cumulative return in cash sums $153,189. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,748/mo property income instead of your personal income.
Single Family
Built in 1960
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49256, Morenci, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,620 (100%) |
| Owner Occupied HU | 1,121 (69.2%) |
| Renter Occupied HU | 368 (22.7%) |
| Vacant Housing Units | 131 ( 8.1%) |
| Median Home Value | $158,817 |
| Average Home Value | $224,275 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,512
Multi-Family
24
Businesses
111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices