21820 Apache PassReed CityMI49677
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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 Reed City at 21820 Apache Pass, Reed City, MI, 49677 earns $157/mo cash flow from $1,232/mo rent with a $798/mo payment. Total monthly income totals $1,232/mo, and annual cash flow totals $1,883/yr on $54,035 capital. ROI tracks 23.39% on current figures, and rental yield reads 9.07% at a $163,000 purchase. Equity gained on principal adds $1,052/yr, and 5% annual appreciation supports $45,034 over five years. Five-year ROI reaches 122.07% and total cumulative return in cash sums $65,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,232/mo property income instead of your personal income.
Single Family
Built in 2001
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49677, Reed City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,264 (100%) |
| Owner Occupied HU | 2,110 (64.6%) |
| Renter Occupied HU | 620 (19.0%) |
| Vacant Housing Units | 534 (16.4%) |
| Median Home Value | $150,676 |
| Average Home Value | $194,569 |
Housing Distribution
Address Breakdown
Residential
2,875
Single Family
2,714
Multi-Family
161
Businesses
240
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