3607 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
Investment property for sale in Sears at 3607 N Shore Dr, Sears, MI, 49679 uses $51,051 cash to close to unlock $10,910/yr annual cash flow and $909/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $754/mo payment keeps the spread at $909/mo. Purchase price stands at $154,000, and rental yield measures 15% with $1,925/mo rent. Return on cash invested shows 41.28% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 218.04% and total cumulative return in cash records $111,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $754/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.36 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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