110 E Campbell StAlpenaMI49707
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 110 E Campbell St, Alpena, MI, 49707 in Alpena. At $165,000 it earns $1,290/mo in rent and distributes $202/mo to the owner after the $742/mo payment, a consistent 9.38% yield. DSCR 1.74 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $45,586 in value; $1,520/yr in principal paydown compounds ownership stake. Total projected return: $75,866.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $202 | $850 |
City averages based on Alpena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,290 |
| Total Monthly Debt Service | $1,022 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1952
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49707, Alpena, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 7,776 (66.0%) |
| Renter Occupied HU | 2,265 (19.2%) |
| Vacant Housing Units | 1,747 (14.8%) |
| Median Home Value | $150,147 |
| Average Home Value | $189,050 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
10,102
Multi-Family
673
Businesses
1,047
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
Single Family
Built in 1952
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49707, Alpena, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 7,776 (66.0%) |
| Renter Occupied HU | 2,265 (19.2%) |
| Vacant Housing Units | 1,747 (14.8%) |
| Median Home Value | $150,147 |
| Average Home Value | $189,050 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
10,102
Multi-Family
673
Businesses
1,047
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices