9947 Oak StMontgomeryMI49255
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
Investment property for sale in Montgomery at 9947 Oak St, Montgomery, MI, 49255 offers a 6.02% rental yield on a $249,900 purchase with $1,254/mo rent. 2% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 72.82% and total cumulative return in cash at $60,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,254/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49255, Montgomery, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 808 (100%) |
| Owner Occupied HU | 544 (67.3%) |
| Renter Occupied HU | 103 (12.7%) |
| Vacant Housing Units | 161 (19.9%) |
| Median Home Value | $197,297 |
| Average Home Value | $275,524 |
Housing Distribution
Address Breakdown
Residential
662
Single Family
662
Multi-Family
0
Businesses
8
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Nearby investment properties with comparable prices
Listed by: Desiree Thomas • Century 21 Affiliated
Mls Name: MichRIC
Mls Provider:
Mls ID: #24042430
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.