1474 Columbus DrFarwellMI48622
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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 Farwell at 1474 Columbus Dr, Farwell, MI, 48622 earns from $1,638/mo rent with a $1,591/mo payment. Total monthly income totals $1,638/mo. ROI tracks 14.28% on current figures, and rental yield reads 6.05% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 73.2% and total cumulative return in cash sums $78,865. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,638/mo property income instead of your personal income.
Single Family
Built in 1968
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
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Listed by: Erica Blair • Midge & Co-Luxury Lakefront Homes
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832228
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