3510 Parmalee RdFreeportMI49325
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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 Freeport at 3510 Parmalee Rd, Freeport, MI, 49325 generates $2,909/mo in rent and, after a $1,708/mo payment, leaves $608/mo in cash flow. Total monthly income is $2,909/mo, and annual cash flow is $7,294/yr on $115,660 invested. Return on cash invested sits at 26.22% in year one, and rental yield is 10.01% on a $348,900 entry. Equity gained on principal adds $2,251/yr, while 5% annual appreciation builds toward $96,395 over five years. Five-year ROI reaches 137.18% and total cumulative return in cash sums $158,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,909/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49325, Freeport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 777 (100%) |
| Owner Occupied HU | 671 (86.4%) |
| Renter Occupied HU | 66 ( 8.5%) |
| Vacant Housing Units | 40 ( 5.1%) |
| Median Home Value | $300,410 |
| Average Home Value | $353,521 |
Housing Distribution
Address Breakdown
Residential
720
Single Family
720
Multi-Family
0
Businesses
26
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