14 S Walnut StBangorMI49013
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
Investment property for sale in Bangor at 14 S Walnut St, Bangor, MI, 49013 uses $59,670 cash to close to unlock $6,072/yr annual cash flow and $506/mo monthly cash flow. Total monthly income runs $1,693/mo, and a $881/mo payment keeps the spread at $506/mo. Purchase price stands at $180,000, and rental yield measures 11.29% with $1,693/mo rent. Return on cash invested shows 30.08% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 157.94% and total cumulative return in cash records $94,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,693/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
