29 Loggers RunGLEN ARBORMI49636
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 29 Loggers Run, GLEN ARBOR, MI, 49636 in GLEN ARBOR at $495,000. Rental yield 7.32%. The 7.32% yield and 1.36 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $136,759 by year five, and $4,559/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $172,865.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.5% |
| Monthly Cash Flow | $(244) | $500 |
City averages based on GLEN ARBOR market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,020 |
| Total Monthly Debt Service | $3,067 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49636, Glen Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 171 (25.4%) |
| Renter Occupied HU | 8 ( 1.2%) |
| Vacant Housing Units | 494 (73.4%) |
| Median Home Value | $878,125 |
| Average Home Value | $1,075,073 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
84
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49636, Glen Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 171 (25.4%) |
| Renter Occupied HU | 8 ( 1.2%) |
| Vacant Housing Units | 494 (73.4%) |
| Median Home Value | $878,125 |
| Average Home Value | $1,075,073 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Kemp • Resort Realty at the Homestead
Mls Name: NGLRMLS
Mls ID: #1938313