11276 Harrison AveFarwellMI48622
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
Rental property for sale in Farwell at 11276 Harrison Ave, Farwell, MI, 48622 generates $1,708/mo in rent and, after a $580/mo payment, leaves $927/mo in cash flow. Total monthly income is $1,708/mo, and annual cash flow is $11,118/yr on $39,283 invested. Return on cash invested sits at 48.21% in year one, and rental yield is 17.3% on a $118,500 entry. Equity gained on principal adds $765/yr, while 5% annual appreciation builds toward $32,739 over five years. Five-year ROI reaches 255.24% and total cumulative return in cash sums $100,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,708/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
9,583 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Ann Palmer • CENTURY 21 SIGNATURE REALTY - CLARE
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923491
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.