2054 Birchwood DrAlgerMI48610
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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
Rental property for sale in Alger at 2054 Birchwood Dr, Alger, MI, 48610 priced at $169,900 converts $1,291/mo rent into $170/mo cash flow after a $832/mo obligation. Total monthly income equals $1,291/mo, and annual cash flow totals $2,042/yr on $56,322 invested. Return on cash invested prints 23.53% in year one, and rental yield reads 9.12% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 122.88% and total cumulative return in cash sums $69,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,291/mo property income covering a $832/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
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