17920 S Straits HwyVanderbiltMI49795
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Vanderbilt rental at 17920 S Straits Hwy, Vanderbilt, MI, 49795 sits in the solid-income band: 9.65% gross yield, $1,118/mo rent, $201/mo net after the $625/mo debt service, DSCR 1.79. Entry price of $139,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $38,403 and $1,280/yr in principal reduction bring total cumulative return to $65,936.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.0% |
| Monthly Cash Flow | $201 | $900 |
City averages based on Vanderbilt market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,118 |
| Total Monthly Debt Service | $861 |
| DSCR Ratio | 1.30x |
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 1997
3.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
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 1997
3.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Casey Gilling • Kidd & Leavy Real Estate Co. LLC
Mls Name: Northern Michigan MLS
Mls ID: #478435