104 W Michigan StFarwellMI48622
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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 Farwell at 104 W Michigan St, Farwell, MI, 48622 with 5% annual appreciation on a $159,900 basis while $1,222/mo rent supports operations. Total monthly income totals $1,222/mo and a $783/mo payment preserves $167/mo for cash returns. Annual cash flow comes to $2,006/yr on $53,007 deployed, and return on cash invested reaches 23.69% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 9.17%. Five-year ROI measures 123.75% and total cumulative return in cash totals $65,598.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,222/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
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