2988 27 1/2 Mile RdHomerMI49245
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2988 27 1/2 Mile Rd, Homer, MI, 49245 in Homer: $1,631/mo in rent, $543/mo net, 11.86% gross yield, all on a $165,000 acquisition. The 2.20 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $45,586 in value, and $1,520/yr in principal paydown steadily builds equity. Projected total cumulative return: $97,814.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 8.0% |
| Monthly Cash Flow | $543 | $600 |
City averages based on Homer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,631 |
| Total Monthly Debt Service | $1,022 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 1978
1.26 Acres lot
$N/A/sqft
No HOA
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
Manufactured
Built in 1978
1.26 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
