20902 Hongisto RdChassellMI49916
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 20902 Hongisto Rd, Chassell, MI, 49916 in Chassell. Priced at $459,000, it generates $4,169/mo in gross rent and $1,142/mo in net monthly cash flow, a 10.9% yield that comfortably supports the 2.02 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $13,703. Five-year appreciation: $126,813. Equity from principal paydown: $4,227/yr. Total projected cumulative return: $248,356.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 7.1% |
| Monthly Cash Flow | $1,142 | $350 |
City averages based on Chassell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,169 |
| Total Monthly Debt Service | $2,844 |
| DSCR Ratio | 1.47x |
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 2008
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49916, Chassell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,667 (100%) |
| Owner Occupied HU | 1,072 (64.3%) |
| Renter Occupied HU | 179 (10.7%) |
| Vacant Housing Units | 416 (25.0%) |
| Median Home Value | $244,922 |
| Average Home Value | $274,466 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
974
Multi-Family
30
Businesses
51
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 2008
2.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49916, Chassell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,667 (100%) |
| Owner Occupied HU | 1,072 (64.3%) |
| Renter Occupied HU | 179 (10.7%) |
| Vacant Housing Units | 416 (25.0%) |
| Median Home Value | $244,922 |
| Average Home Value | $274,466 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
974
Multi-Family
30
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CRAIG KANGAS • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50182064
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.