340 S Elm StHemlockMI48626
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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
Investment Highlights
Investment property for sale in Hemlock at 340 S Elm St, Hemlock, MI, 48626 uses $56,024 cash to close to unlock $4,688/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $827/mo payment keeps the spread at $391/mo. Purchase price stands at $169,000, and rental yield measures 10.69% with $1,505/mo rent. Return on cash invested shows 28.28% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 148.28% and total cumulative return in cash records $83,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.40 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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