2545 E Simmons Rd #BHesselMI49745
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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
Rental property for sale in Hessel at 2545 E Simmons Rd #B, Hessel, MI, 49745 priced at $985,000 converts $0/mo rent into after a $4,821/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.99% in year one, and rental yield reads 0% against a $985,000 entry. Equity gained on principal adds $6,356/yr, while 5% annual appreciation compiles into $272,137 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $4,821/mo payment, not borrower’s personal income.
Single Family
Built in 2006
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49745, Hessel, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 754 (100%) |
| Owner Occupied HU | 352 (46.7%) |
| Renter Occupied HU | 59 ( 7.8%) |
| Vacant Housing Units | 343 (45.5%) |
| Median Home Value | $177,778 |
| Average Home Value | $265,014 |
Housing Distribution
Address Breakdown
Residential
446
Single Family
446
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: David Buckalew • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-157
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.