320 Blue Star Hwy #28DouglasMI49406
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing320 Blue Star Hwy #28, Douglas, MI, 49406 in Douglas is a stable, well-positioned rental at $425,000. Rental yield 6.61%. DSCR 1.16 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $117,420 in value and $3,563/yr in principal paydown builds equity, a total projected return of $124,213.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 6.0% |
| Monthly Cash Flow | $(938) | $850 |
City averages based on Douglas market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,341 |
| Total Monthly Debt Service | $2,737 |
| DSCR Ratio | 0.86x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49406, Douglas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 532 (56.0%) |
| Renter Occupied HU | 87 ( 9.2%) |
| Vacant Housing Units | 331 (34.8%) |
| Median Home Value | $398,734 |
| Average Home Value | $557,721 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
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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
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