16 Hemlock StCarp Lake TownshipMI49971
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 16 Hemlock St, Carp Lake Township, MI, 49971 in Carp Lake Township. Priced at $189,000, it generates $1,770/mo in gross rent and $524/mo in net monthly cash flow, a 11.24% yield that comfortably supports the 2.08 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,284. Five-year appreciation: $52,217. Equity from principal paydown: $1,741/yr. Total projected cumulative return: $105,695.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.2% |
| Monthly Cash Flow | $524 | $600 |
City averages based on Carp Lake Township market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,770 |
| Total Monthly Debt Service | $1,171 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1969
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49971, White Pine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 197 (59.2%) |
| Renter Occupied HU | 7 ( 2.1%) |
| Vacant Housing Units | 129 (38.7%) |
| Median Home Value | $116,447 |
| Average Home Value | $179,518 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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
Single Family
Built in 1969
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49971, White Pine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 197 (59.2%) |
| Renter Occupied HU | 7 ( 2.1%) |
| Vacant Housing Units | 129 (38.7%) |
| Median Home Value | $116,447 |
| Average Home Value | $179,518 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MiRealSource
Mls ID: #50210299