309 W 5th StClareMI48624
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 309 W 5th St, Clare, MI, 48624 in Clare. Priced at $129,900, it generates $1,607/mo in gross rent and $750/mo in net monthly cash flow, a 14.84% yield that comfortably supports the 2.75 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,002. Five-year appreciation: $35,889. Equity from principal paydown: $1,196/yr. Total projected cumulative return: $97,820.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 6.5% |
| Monthly Cash Flow | $750 | $320 |
City averages based on Clare market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,607 |
| Total Monthly Debt Service | $805 |
| DSCR Ratio | 2.00x |
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 1994
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48624, Gladwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,057 (100%) |
| Owner Occupied HU | 5,951 (53.8%) |
| Renter Occupied HU | 1,003 ( 9.1%) |
| Vacant Housing Units | 4,103 (37.1%) |
| Median Home Value | $189,218 |
| Average Home Value | $229,918 |
Housing Distribution
Address Breakdown
Residential
8,459
Single Family
8,196
Multi-Family
263
Businesses
518
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 1994
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48624, Gladwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,057 (100%) |
| Owner Occupied HU | 5,951 (53.8%) |
| Renter Occupied HU | 1,003 ( 9.1%) |
| Vacant Housing Units | 4,103 (37.1%) |
| Median Home Value | $189,218 |
| Average Home Value | $229,918 |
Housing Distribution
Address Breakdown
Residential
8,459
Single Family
8,196
Multi-Family
263
Businesses
518
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices