8405 N Vassar RdMount MorrisMI48458
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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 Mount Morris at 8405 N Vassar Rd, Mount Morris, MI, 48458 earns $191/mo cash flow from $1,107/mo rent with a $680/mo payment. Total monthly income totals $1,107/mo, and annual cash flow totals $2,288/yr on $46,079 capital. ROI tracks 24.88% on current figures, and rental yield reads 9.56% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 130.02% and total cumulative return in cash sums $59,912. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,107/mo property income instead of your personal income.
Single Family
Built in 1920
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48458, Mount Morris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 5,702 (62.0%) |
| Renter Occupied HU | 2,454 (26.7%) |
| Vacant Housing Units | 1,046 (11.4%) |
| Median Home Value | $111,359 |
| Average Home Value | $156,507 |
Housing Distribution
Address Breakdown
Residential
8,037
Single Family
6,871
Multi-Family
1,166
Businesses
312
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Listed by: Ryan P McFarlane • McFarlane Group Real Estate LLC
Mls Name: Realcomp II
Mls ID: #20251060287