230 N Corning St, Farwell, MI, 48622 | Equity Gain $6,292/yr

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

Total monthly income runs $1,139/mo, and a $4,772/mo payment. Purchase price stands at $975,000, and rental yield measures 1.4% with $1,139/mo rent. Return on cash invested shows 0.27% in year one, and 5% annual appreciation builds toward $269,375 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,139/mo property income covering a $4,772/mo payment rather than investor’s personal income.

Multi Family

Built in 1984

0.99 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,479 (100%)
Owner Occupied HU	2,259 (64.9%)
Renter Occupied HU	378 (10.9%)
Vacant Housing Units	842 (24.2%)
Median Home Value	$170,966
Average Home Value	$201,760