1204 N Hinman RdFowlerMI48835
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 Fowler at 1204 N Hinman Rd, Fowler, MI, 48835 offers $2,015/mo rent that, after a $1,182/mo payment, leaves $422/mo cash flow. Total monthly income is $2,015/mo, and annual cash flow is $5,069/yr on $80,057 cash. Return on cash invested measures 26.24% in year one, and rental yield stands at 10.01% at a $241,500 entry. Equity gained on principal adds $1,558/yr while 5% annual appreciation compounds into $66,722 by year five. Five-year ROI records 137.37% and total cumulative return in cash reaches $109,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,015/mo property income versus a $1,182/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48835, Fowler, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,067 (100%) |
| Owner Occupied HU | 941 (88.2%) |
| Renter Occupied HU | 93 ( 8.7%) |
| Vacant Housing Units | 33 ( 3.1%) |
| Median Home Value | $253,697 |
| Average Home Value | $306,509 |
Housing Distribution
Address Breakdown
Residential
872
Single Family
856
Multi-Family
16
Businesses
47
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