975 Lee StMartinMI49070
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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
Rental property for sale in Martin at 975 Lee St, Martin, MI, 49070 generates $2,356/mo in rent and, after a $1,199/mo payment, leaves $741/mo in cash flow. Total monthly income is $2,356/mo, and annual cash flow is $8,886/yr on $81,218 invested. Return on cash invested sits at 30.85% in year one, and rental yield is 11.54% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 162.07% and total cumulative return in cash sums $131,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,356/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49070, Martin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,018 (100%) |
| Owner Occupied HU | 826 (81.1%) |
| Renter Occupied HU | 137 (13.5%) |
| Vacant Housing Units | 55 ( 5.4%) |
| Median Home Value | $249,679 |
| Average Home Value | $269,080 |
Housing Distribution
Address Breakdown
Residential
941
Single Family
941
Multi-Family
0
Businesses
46
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