916 N Shiawassee StOwossoMI48867
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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 Owosso at 916 N Shiawassee St, Owosso, MI, 48867 uses $33,150 cash to close to unlock $1,620/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $794/mo, and a $489/mo payment keeps the spread at $135/mo. Purchase price stands at $100,000, and rental yield measures 9.53% with $794/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 129.57% and total cumulative return in cash records $42,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $794/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1954
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48867, Owosso, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,293 (100%) |
| Owner Occupied HU | 8,382 (68.2%) |
| Renter Occupied HU | 3,189 (25.9%) |
| Vacant Housing Units | 722 ( 5.9%) |
| Median Home Value | $165,494 |
| Average Home Value | $198,462 |
Housing Distribution
Address Breakdown
Residential
11,929
Single Family
10,663
Multi-Family
1,266
Businesses
931
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