11119 Garrett DrFowlervilleMI48836
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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 Fowlerville at 11119 Garrett Dr, Fowlerville, MI, 48836 uses $117,683 cash to close to unlock $3,714/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $2,651/mo, and a $1,738/mo payment keeps the spread at $310/mo. Purchase price stands at $355,000, and rental yield measures 8.96% with $2,651/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 120.31% and total cumulative return in cash records $141,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,651/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48836, Fowlerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,501 (100%) |
| Owner Occupied HU | 4,694 (85.3%) |
| Renter Occupied HU | 657 (11.9%) |
| Vacant Housing Units | 150 ( 2.7%) |
| Median Home Value | $278,107 |
| Average Home Value | $325,316 |
Housing Distribution
Address Breakdown
Residential
5,441
Single Family
5,381
Multi-Family
60
Businesses
337
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Listed by: Sally A Witt • BHHS Heritage Real Estate
Mls Name: Realcomp II
Mls ID: #20251027922