2544 School RdAlgerMI48610
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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 Alger at 2544 School Rd, Alger, MI, 48610 earns $177/mo cash flow from $1,033/mo rent with a $635/mo payment. Total monthly income totals $1,033/mo, and annual cash flow totals $2,128/yr on $43,028 capital. ROI tracks 24.86% on current figures, and rental yield reads 9.55% at a $129,798 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,861 over five years. Five-year ROI reaches 129.96% and total cumulative return in cash sums $55,919. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,033/mo property income instead of your personal income.
Manufactured
Built in 1986
0.74 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 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
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