12770 23 Mile RdTustinMI49688
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 12770 23 Mile Rd, Tustin, MI, 49688 in Tustin at $490,000. Rental yield 7.01%. The 7.01% yield and 1.30 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $135,378 by year five, and $4,513/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $162,907.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.1% |
| Monthly Cash Flow | $(369) | $450 |
City averages based on Tustin market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,862 |
| Total Monthly Debt Service | $3,036 |
| DSCR Ratio | 0.94x |
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.
Single Family
Built in 2000
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49688, Tustin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 934 (72.6%) |
| Renter Occupied HU | 102 ( 7.9%) |
| Vacant Housing Units | 250 (19.4%) |
| Median Home Value | $202,395 |
| Average Home Value | $251,229 |
Housing Distribution
Address Breakdown
Residential
1,037
Single Family
1,037
Multi-Family
0
Businesses
48
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 2000
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49688, Tustin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 934 (72.6%) |
| Renter Occupied HU | 102 ( 7.9%) |
| Vacant Housing Units | 250 (19.4%) |
| Median Home Value | $202,395 |
| Average Home Value | $251,229 |
Housing Distribution
Address Breakdown
Residential
1,037
Single Family
1,037
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices