2709 Elm StHaleMI48739
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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 Hale at 2709 Elm St, Hale, MI, 48739 with 5% annual appreciation on a $269,900 basis while $1,708/mo rent supports operations. 95% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 7.59%. Five-year ROI measures 98.26% and total cumulative return in cash totals $87,918. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,708/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48739, Hale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,225 (100%) |
| Owner Occupied HU | 1,619 (38.3%) |
| Renter Occupied HU | 205 ( 4.9%) |
| Vacant Housing Units | 2,401 (56.8%) |
| Median Home Value | $188,876 |
| Average Home Value | $215,741 |
Housing Distribution
Address Breakdown
Residential
2,212
Single Family
2,212
Multi-Family
0
Businesses
111
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Listed by: Michelle Bassi • CAROLE WILSON REAL ESTATE
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927052
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.