122 S Cedar StSchoolcraftMI49087
INVESTMENT ANALYSIS
Investment Verdict
Solid Income122 S Cedar St, Schoolcraft, MI, 49087 in Schoolcraft is a solid income-producing rental, 9.53% gross yield, $1,251/mo rent, $208/mo net cash flow on a $159,900 buy. DSCR 1.74 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $44,177 and $1,473/yr in principal reduction project a total cumulative return of $73,135.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.0% |
| Monthly Cash Flow | $208 | $450 |
City averages based on Schoolcraft market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,251 |
| Total Monthly Debt Service | $998 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elijah N Meschke • United Realty Services LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025250
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.