322 S Hemlock RdHemlockMI48626
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
Rental property for sale in Hemlock at 322 S Hemlock Rd, Hemlock, MI, 48626 offers $1,089/mo rent that, after a $551/mo payment, leaves $347/mo cash flow. Total monthly income is $1,089/mo, and annual cash flow is $4,161/yr on $37,294 cash. Return on cash invested measures 31.07% in year one, and rental yield stands at 11.62% at a $112,500 entry. Equity gained on principal adds $726/yr while 5% annual appreciation compounds into $31,082 by year five. Five-year ROI records 163.25% and total cumulative return in cash reaches $60,880. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,089/mo property income versus a $551/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48626, Hemlock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 2,070 (85.7%) |
| Renter Occupied HU | 226 ( 9.4%) |
| Vacant Housing Units | 118 ( 4.9%) |
| Median Home Value | $245,623 |
| Average Home Value | $273,877 |
Housing Distribution
Address Breakdown
Residential
2,360
Single Family
2,344
Multi-Family
16
Businesses
101
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