358 N Corning StFarwellMI48622
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
Investment property for sale in Farwell at 358 N Corning St, Farwell, MI, 48622 earns $160/mo cash flow from $1,281/mo rent with a $832/mo payment. Total monthly income totals $1,281/mo, and annual cash flow totals $1,920/yr on $56,355 capital. ROI tracks 23.32% on current figures, and rental yield reads 9.04% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 121.62% and total cumulative return in cash sums $68,541. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,281/mo property income instead of your personal income.
Single Family
Built in 1945
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices