23793 Gates RdHoward CityMI49329
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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 Howard City at 23793 Gates Rd, Howard City, MI, 49329 uses $58,013 cash to close to unlock $9,054/yr annual cash flow and $755/mo monthly cash flow. Total monthly income runs $1,909/mo, and a $857/mo payment keeps the spread at $755/mo. Purchase price stands at $175,000, and rental yield measures 13.09% with $1,909/mo rent. Return on cash invested shows 35.52% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 187.13% and total cumulative return in cash records $108,559. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,909/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 1982
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Listed by: Mary Peacock • Peacock Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25047974
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.