16697 16th RdGardenMI49835
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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 16697 16th Rd, Garden, MI, 49835 offers a 9.45% rental yield on a $149,000 purchase with $1,173/mo rent. Total monthly income registers $1,173/mo, and a $729/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,288/yr on $49,394 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 128.26% and total cumulative return in cash at $63,352. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,173/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10 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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