15854 Mill StGardenMI49835
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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 Garden at 15854 Mill St, Garden, MI, 49835 earns $1,042/mo cash flow from $2,172/mo rent with a $825/mo payment. Total monthly income totals $2,172/mo, and annual cash flow totals $12,501/yr on $55,858 capital. ROI tracks 42.29% on current figures, and rental yield reads 15.47% at a $168,500 purchase. Equity gained on principal adds $1,087/yr, and 5% annual appreciation supports $46,553 over five years. Five-year ROI reaches 223.54% and total cumulative return in cash sums $124,866. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,172/mo property income instead of your personal income.
Single Family
Built in 1977
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49835, Garden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 359 (55.7%) |
| Renter Occupied HU | 26 ( 4.0%) |
| Vacant Housing Units | 259 (40.2%) |
| Median Home Value | $174,202 |
| Average Home Value | $209,276 |
Housing Distribution
Address Breakdown
Residential
321
Single Family
321
Multi-Family
0
Businesses
23
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Listed by: CRAIG POTVIN • UP REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50164148
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.