1110 Hemlock StClareMI48617
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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 Clare at 1110 Hemlock St, Clare, MI, 48617 uses $59,007 cash to close to unlock $11,825/yr annual cash flow and $985/mo monthly cash flow. Total monthly income runs $2,159/mo, and a $871/mo payment keeps the spread at $985/mo. Purchase price stands at $178,000, and rental yield measures 14.56% with $2,159/mo rent. Return on cash invested shows 39.95% in year one, and 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 210.91% and total cumulative return in cash records $124,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,159/mo property income covering a $871/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48617, Clare, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,908 (100%) |
| Owner Occupied HU | 2,605 (66.7%) |
| Renter Occupied HU | 941 (24.1%) |
| Vacant Housing Units | 362 ( 9.3%) |
| Median Home Value | $181,828 |
| Average Home Value | $248,567 |
Housing Distribution
Address Breakdown
Residential
3,741
Single Family
3,484
Multi-Family
257
Businesses
468
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Listed by: Daniel Dwyer-Snyder • CENTURY 21 SIGNATURE REALTY - CLARE
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1939349
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.