8993 S Morrice RdMorriceMI48857
INVESTMENT ANALYSIS
Investment Verdict
Solid Income8993 S Morrice Rd, Morrice, MI, 48857 in Morrice is a solid income-producing rental, 9.77% gross yield, $1,832/mo rent, $349/mo net cash flow on a $225,000 buy. DSCR 1.81 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $62,163 and $2,072/yr in principal reduction project a total cumulative return of $108,120.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.0% |
| Monthly Cash Flow | $349 | $350 |
City averages based on Morrice market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,832 |
| Total Monthly Debt Service | $1,394 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48857, Morrice, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 938 (79.0%) |
| Renter Occupied HU | 170 (14.3%) |
| Vacant Housing Units | 79 ( 6.7%) |
| Median Home Value | $206,053 |
| Average Home Value | $227,348 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
910
Multi-Family
0
Businesses
69
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
Single Family
Built in 1957
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48857, Morrice, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,187 (100%) |
| Owner Occupied HU | 938 (79.0%) |
| Renter Occupied HU | 170 (14.3%) |
| Vacant Housing Units | 79 ( 6.7%) |
| Median Home Value | $206,053 |
| Average Home Value | $227,348 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
910
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices