85998 Cherry LnDecaturMI49045
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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 Decatur at 85998 Cherry Ln, Decatur, MI, 49045 uses $68,621 cash to close to unlock $9,973/yr annual cash flow and $831/mo monthly cash flow. Total monthly income runs $2,196/mo, and a $1,013/mo payment keeps the spread at $831/mo. Purchase price stands at $207,000, and rental yield measures 12.73% with $2,196/mo rent. Return on cash invested shows 34.44% in year one, and 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 181.38% and total cumulative return in cash records $124,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $1,013/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49045, Decatur, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,757 (100%) |
| Owner Occupied HU | 1,745 (63.3%) |
| Renter Occupied HU | 441 (16.0%) |
| Vacant Housing Units | 571 (20.7%) |
| Median Home Value | $235,907 |
| Average Home Value | $283,020 |
Housing Distribution
Address Breakdown
Residential
2,138
Single Family
2,013
Multi-Family
125
Businesses
124
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