2430 Marlette RdApplegateMI48401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Applegate at 2430 Marlette Rd, Applegate, MI, 48401 with 5% annual appreciation on a $319,900 basis while $1,057/mo rent supports operations. Equity gained on principal adds $2,064/yr, and five-year appreciation sums $88,382 alongside rental yield of 3.96%. Five-year ROI measures 39.52% and total cumulative return in cash totals $41,912. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,057/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48401, Applegate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 527 (69.5%) |
| Renter Occupied HU | 73 ( 9.6%) |
| Vacant Housing Units | 158 (20.8%) |
| Median Home Value | $200,301 |
| Average Home Value | $243,463 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Penny Schwarzentraub • Town & Country Realty-Lexington
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162074
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