3092 S M 37BaldwinMI49304
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
Investment Highlights
Investment property for sale in Baldwin at 3092 S M 37, Baldwin, MI, 49304 uses $42,764 cash to close to unlock $3,476/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $631/mo payment keeps the spread at $290/mo. Purchase price stands at $129,000, and rental yield measures 10.6% with $1,140/mo rent. Return on cash invested shows 28.04% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 146.99% and total cumulative return in cash records $62,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49304, Baldwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,819 (100%) |
| Owner Occupied HU | 1,488 (25.6%) |
| Renter Occupied HU | 467 ( 8.0%) |
| Vacant Housing Units | 3,864 (66.4%) |
| Median Home Value | $141,453 |
| Average Home Value | $196,193 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,003
Multi-Family
186
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
