2137 N Main StFairgroveMI48733
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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
Investment property for sale in Fairgrove at 2137 N Main St, Fairgrove, MI, 48733 uses $41,404 cash to close to unlock $2,012/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $991/mo, and a $611/mo payment keeps the spread at $168/mo. Purchase price stands at $124,900, and rental yield measures 9.52% with $991/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 129.49% and total cumulative return in cash records $53,614. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $991/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48733, Fairgrove, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 602 (75.8%) |
| Renter Occupied HU | 93 (11.7%) |
| Vacant Housing Units | 99 (12.5%) |
| Median Home Value | $132,609 |
| Average Home Value | $166,466 |
Housing Distribution
Address Breakdown
Residential
679
Single Family
679
Multi-Family
0
Businesses
22
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