1291 W Old Ferris LnBitelyMI49309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1291 W Old Ferris Ln, Bitely, MI, 49309 in Bitely. Priced at $1,699,000, it generates $14,510/mo in gross rent and $3,248/mo in net monthly cash flow, a 10.25% yield that comfortably supports the 1.90 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $38,976. Five-year appreciation: $469,402. Equity from principal paydown: $15,648/yr. Total projected cumulative return: $856,455.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $3,248 | $450 |
City averages based on Bitely market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $14,510 |
| Total Monthly Debt Service | $10,586 |
| DSCR Ratio | 1.37x |
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 1995
40 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1995
40 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49309, Bitely, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 796 (37.3%) |
| Renter Occupied HU | 106 ( 5.0%) |
| Vacant Housing Units | 1,230 (57.7%) |
| Median Home Value | $185,333 |
| Average Home Value | $244,881 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices