12604 Chandler StMillersburgMI49759
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 12604 Chandler St, Millersburg, MI, 49759 in Millersburg at $109,700 earns $1,658/mo in rent and nets $124/mo after the $493/mo payment, a 9.27% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,308 over five years. Ziffy Mortgage underwrites this on a 3.36 DSCR without U.S. credit history. With $1,010/yr in principal paydown, total projected return reaches $101,975.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.1% |
| Monthly Cash Flow | $124 | $800 |
City averages based on Millersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,658 |
| Total Monthly Debt Service | $680 |
| DSCR Ratio | 2.44x |
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 N/A
N/A 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 N/A
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Tomczak • Mike Tomczak Realty
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476574
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.