11480 N Adams RdNorth AdamsMI49262
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 11480 N Adams Rd, North Adams, MI, 49262 in North Adams the bet is firmly on appreciation. Rental yield 5.5%. The 5.5% gross yield on a $399,999 price is below income-first thresholds, but 5%/yr value growth projects $110,512 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.02) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $100,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 8.0% |
| Monthly Cash Flow | $(805) | $120 |
City averages based on North Adams market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,832 |
| Total Monthly Debt Service | $2,479 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Manufactured
Built in 1988
41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49262, North Adams, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 588 (100%) |
| Owner Occupied HU | 443 (75.3%) |
| Renter Occupied HU | 90 (15.3%) |
| Vacant Housing Units | 55 ( 9.4%) |
| Median Home Value | $165,441 |
| Average Home Value | $217,494 |
Housing Distribution
Address Breakdown
Residential
480
Single Family
480
Multi-Family
0
Businesses
26
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
Manufactured
Built in 1988
41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49262, North Adams, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 588 (100%) |
| Owner Occupied HU | 443 (75.3%) |
| Renter Occupied HU | 90 (15.3%) |
| Vacant Housing Units | 55 ( 9.4%) |
| Median Home Value | $165,441 |
| Average Home Value | $217,494 |
Housing Distribution
Address Breakdown
Residential
480
Single Family
480
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandy L Bice • HOWARD HANNA REAL ESTATE SERVI
Mls Name: MichRIC
Mls ID: #25052013