22730 Banks RdHillmanMI49746
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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 Hillman at 22730 Banks Rd, Hillman, MI, 49746 uses $38,123 cash to close to unlock $1,854/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $913/mo, and a $563/mo payment keeps the spread at $155/mo. Purchase price stands at $115,000, and rental yield measures 9.53% with $913/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.52% and total cumulative return in cash records $49,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $913/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49746, Hillman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,754 (100%) |
| Owner Occupied HU | 1,468 (53.3%) |
| Renter Occupied HU | 205 ( 7.4%) |
| Vacant Housing Units | 1,081 (39.3%) |
| Median Home Value | $171,314 |
| Average Home Value | $215,562 |
Housing Distribution
Address Breakdown
Residential
1,686
Single Family
1,644
Multi-Family
42
Businesses
108
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