2254 E M30, Alger, MI, 48610 | 4.13% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Alger at 2254 E M30, Alger, MI, 48610 offers a 4.13% rental yield on a $349,000 purchase with $1,200/mo rent. 49% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 42.11% and total cumulative return in cash at $48,720. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

80 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