1578 HemlockMartinMI49070
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 Martin at 1578 Hemlock, Martin, MI, 49070 priced at $109,900 converts $3,371/mo rent into $2,066/mo cash flow after a $538/mo obligation. Total monthly income equals $3,371/mo, and annual cash flow totals $24,794/yr on $36,432 invested. Return on cash invested prints 87.96% in year one, and rental yield reads 36.81% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 475.34% and total cumulative return in cash sums $173,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,371/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 2000
N/A lot
$N/A/sqft
$580 monthly 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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Nearby investment properties with comparable prices
