19637 Hebert RdWatersmeetMI49969
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 19637 Hebert Rd, Watersmeet, MI, 49969 in Watersmeet is a conservative rental investment at $435,000. Rental yield 6.15%. A 1.14 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $120,182; $4,006/yr in principal paydown supplements. Total projected return: $124,519.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.5% |
| Monthly Cash Flow | $(640) | $300 |
City averages based on Watersmeet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,228 |
| Total Monthly Debt Service | $2,696 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
10.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49969, Watersmeet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 575 (35.5%) |
| Renter Occupied HU | 113 ( 7.0%) |
| Vacant Housing Units | 933 (57.6%) |
| Median Home Value | $314,583 |
| Average Home Value | $403,917 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
307
Multi-Family
3
Businesses
48
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
10.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49969, Watersmeet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 575 (35.5%) |
| Renter Occupied HU | 113 ( 7.0%) |
| Vacant Housing Units | 933 (57.6%) |
| Median Home Value | $314,583 |
| Average Home Value | $403,917 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
307
Multi-Family
3
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: THE MARTIN & DUMAS TEAM • REDMAN REALTY GROUP, LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #211791
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.