124 N Clark StHopkinsMI49328
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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
Investment property for sale in Hopkins at 124 N Clark St, Hopkins, MI, 49328 with 5% annual appreciation on a $230,500 basis while $1,970/mo rent supports operations. Total monthly income totals $1,970/mo and a $1,128/mo payment preserves $331/mo for cash returns. Annual cash flow comes to $3,968/yr on $76,411 deployed, and return on cash invested reaches 25.1% in year one. Equity gained on principal adds $1,487/yr, and five-year appreciation sums $63,683 alongside rental yield of 10.26%. Five-year ROI measures 131.91% and total cumulative return in cash totals $100,796.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,970/mo property income versus a $1,128/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49328, Hopkins, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,641 (100%) |
| Owner Occupied HU | 1,370 (83.5%) |
| Renter Occupied HU | 177 (10.8%) |
| Vacant Housing Units | 94 ( 5.7%) |
| Median Home Value | $287,900 |
| Average Home Value | $313,617 |
Housing Distribution
Address Breakdown
Residential
1,771
Single Family
1,580
Multi-Family
191
Businesses
71
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