1301 S Old Cooks Cemetary RdCooksMI49817
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1301 S Old Cooks Cemetary Rd, Cooks, MI, 49817 in Cooks: $1,292/mo in rent, $502/mo net, 12.93% gross yield, all on a $119,900 acquisition. The 2.40 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $33,126 in value, and $1,104/yr in principal paydown steadily builds equity. Projected total cumulative return: $77,988.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 6.5% |
| Monthly Cash Flow | $502 | $350 |
City averages based on Cooks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,292 |
| Total Monthly Debt Service | $743 |
| DSCR Ratio | 1.74x |
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 1989
6.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49817, Cooks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 195 (76.2%) |
| Renter Occupied HU | 18 ( 7.0%) |
| Vacant Housing Units | 43 (16.8%) |
| Median Home Value | $222,794 |
| Average Home Value | $250,449 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
238
Multi-Family
0
Businesses
7
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 1989
6.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49817, Cooks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 195 (76.2%) |
| Renter Occupied HU | 18 ( 7.0%) |
| Vacant Housing Units | 43 (16.8%) |
| Median Home Value | $222,794 |
| Average Home Value | $250,449 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
238
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices