20370 Honor HwyInterlochenMI49643
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 20370 Honor Hwy, Interlochen, MI, 49643 in Interlochen at $369,500. Rental yield 7.26%. The 7.26% yield and 1.35 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $102,086 by year five, and $3,403/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $127,874.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.0% |
| Monthly Cash Flow | $(200) | $850 |
City averages based on Interlochen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,237 |
| Total Monthly Debt Service | $2,290 |
| DSCR Ratio | 0.98x |
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 1929
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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 1929
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NGLRMLS
Mls ID: #1942565