3509 N Shore DrSearsMI49679
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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
Rental property for sale in Sears at 3509 N Shore Dr, Sears, MI, 49679 generates $1,612/mo in rent, after a $1,859/mo payment. Total monthly income is $1,612/mo. Return on cash invested sits at 11.4% in year one, and rental yield is 5.09% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 57.78% and total cumulative return in cash sums $72,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,612/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49679, Sears, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 854 (100%) |
| Owner Occupied HU | 439 (51.4%) |
| Renter Occupied HU | 48 ( 5.6%) |
| Vacant Housing Units | 367 (43.0%) |
| Median Home Value | $186,638 |
| Average Home Value | $215,997 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
598
Multi-Family
0
Businesses
14
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