137 Hemlock StRepublicMI49879
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
Investment Highlights
Rental property for sale in Republic at 137 Hemlock St, Republic, MI, 49879 offers $1,015/mo rent that, after a $661/mo payment, leaves $125/mo cash flow. Total monthly income is $1,015/mo, and annual cash flow is $1,494/yr on $44,753 cash. Return on cash invested measures 23.25% in year one, and rental yield stands at 9.02% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 121.34% and total cumulative return in cash reaches $54,301. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,015/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49879, Republic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 441 (45.5%) |
| Renter Occupied HU | 53 ( 5.5%) |
| Vacant Housing Units | 475 (49.0%) |
| Median Home Value | $173,661 |
| Average Home Value | $266,514 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
513
Multi-Family
32
Businesses
37
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Listed by: TRACY HENRIKSEN • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50170463
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.