3608 State RdGlennieMI48737
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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 Glennie at 3608 State Rd, Glennie, MI, 48737 uses $53,040 cash to close to unlock $1,932/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,216/mo, and a $783/mo payment keeps the spread at $161/mo. Purchase price stands at $160,000, and rental yield measures 9.12% with $1,216/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 122.9% and total cumulative return in cash records $65,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,216/mo property income covering a $783/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48737, Glennie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,427 (100%) |
| Owner Occupied HU | 482 (33.8%) |
| Renter Occupied HU | 64 ( 4.5%) |
| Vacant Housing Units | 881 (61.7%) |
| Median Home Value | $159,247 |
| Average Home Value | $167,614 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
26
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