831 S Main St UNIT 166Au GresMI48703
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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 Au Gres at 831 S Main St UNIT 166, Au Gres, MI, 48703 generates $1,033/mo in rent and, after a $563/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,033/mo, and annual cash flow is $2,814/yr on $38,123 invested. Return on cash invested sits at 27.29% in year one, and rental yield is 10.78% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 143.47% and total cumulative return in cash sums $54,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,033/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
2,178 sqft lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48703, Au Gres, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,325 (45.3%) |
| Renter Occupied HU | 216 ( 7.4%) |
| Vacant Housing Units | 1,382 (47.3%) |
| Median Home Value | $204,223 |
| Average Home Value | $248,306 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,528
Multi-Family
60
Businesses
108
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Listed by: Angela Ridley • Complete Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50158867
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