350 Garfield RdSmiths CreekMI48074
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 Smiths Creek at 350 Garfield Rd, Smiths Creek, MI, 48074 priced at $175,000 pairs $1,639/mo rent with $485/mo cash flow after a $857/mo payment. Total monthly income equals $1,639/mo, and annual cash flow comes to $5,814/yr on $58,013 invested. Return on cash invested is 29.93% in year one, and rental yield stands at 11.24% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 157.16% and total cumulative return in cash reaches $91,171. For financing, Ziffy Mortgage’s DSCR program evaluates $1,639/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48074, Smiths Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,000 (100%) |
| Owner Occupied HU | 3,330 (83.2%) |
| Renter Occupied HU | 461 (11.5%) |
| Vacant Housing Units | 209 ( 5.2%) |
| Median Home Value | $225,147 |
| Average Home Value | $291,718 |
Housing Distribution
Address Breakdown
Residential
3,932
Single Family
3,931
Multi-Family
1
Businesses
197
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Nearby investment properties with comparable prices
Listed by: Nancy Loftus • KW Platinum Port Huron
Mls Name: MiRealSource
Mls ID: #50182266