1559 Dover Dr #D77MartinMI49070
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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 Martin at 1559 Dover Dr #D77, Martin, MI, 49070 uses $36,432 cash to close to unlock $158/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $738/mo, and a $538/mo payment keeps the spread at $13/mo. Purchase price stands at $109,900, and rental yield measures 8.06% with $738/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 105.84% and total cumulative return in cash records $38,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $738/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49070, Martin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,018 (100%) |
| Owner Occupied HU | 826 (81.1%) |
| Renter Occupied HU | 137 (13.5%) |
| Vacant Housing Units | 55 ( 5.4%) |
| Median Home Value | $249,679 |
| Average Home Value | $269,080 |
Housing Distribution
Address Breakdown
Residential
941
Single Family
941
Multi-Family
0
Businesses
46
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