920 W Vassar RdReeseMI48757
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 Reese at 920 W Vassar Rd, Reese, MI, 48757 generates $1,360/mo in rent and, after a $827/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,360/mo, and annual cash flow is $2,948/yr on $56,024 invested. Return on cash invested sits at 25.17% in year one, and rental yield is 9.66% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 131.64% and total cumulative return in cash sums $73,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48757, Reese, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,548 (100%) |
| Owner Occupied HU | 1,254 (81.0%) |
| Renter Occupied HU | 193 (12.5%) |
| Vacant Housing Units | 101 ( 6.5%) |
| Median Home Value | $197,955 |
| Average Home Value | $233,981 |
Housing Distribution
Address Breakdown
Residential
1,453
Single Family
1,453
Multi-Family
0
Businesses
108
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Listed by: Angie Muehlfeld • Century 21 Signature - Frankenmuth
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50190652
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