8560 Mosherville RdLitchfieldMI49252
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
Rental property for sale in Litchfield at 8560 Mosherville Rd, Litchfield, MI, 49252 generates $1,646/mo in rent and, after a $1,057/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,646/mo, and annual cash flow is $2,664/yr on $71,571 invested. Return on cash invested sits at 23.63% in year one, and rental yield is 9.15% on a $215,900 entry. Equity gained on principal adds $1,393/yr, while 5% annual appreciation builds toward $59,649 over five years. Five-year ROI reaches 123.33% and total cumulative return in cash sums $88,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,646/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49252, Litchfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 847 (72.8%) |
| Renter Occupied HU | 257 (22.1%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $150,107 |
| Average Home Value | $184,383 |
Housing Distribution
Address Breakdown
Residential
1,040
Single Family
1,016
Multi-Family
24
Businesses
79
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Listed by: Melissa Kennedy • Coldwell Banker Morehart Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24046364
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.