889 N Ferris RdSumnerMI48889
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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 Sumner at 889 N Ferris Rd, Sumner, MI, 48889 uses $64,609 cash to close to unlock $1,196/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,385/mo, and a $954/mo payment keeps the spread at $100/mo. Purchase price stands at $194,900, and rental yield measures 8.53% with $1,385/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 113.32% and total cumulative return in cash records $73,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,385/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48889, Sumner, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 482 (77.5%) |
| Renter Occupied HU | 102 (16.4%) |
| Vacant Housing Units | 38 ( 6.1%) |
| Median Home Value | $170,089 |
| Average Home Value | $201,748 |
Housing Distribution
Address Breakdown
Residential
547
Single Family
547
Multi-Family
0
Businesses
12
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