3616 State RdGlennieMI48737
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 3616 State Rd, Glennie, MI, 48737 in Glennie deserves attention. This $138,800 property earns $2,584/mo in rent, a 22.34% gross yield, and nets $1,668/mo after the $624/mo payment. DSCR 4.14 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $38,348 compounds alongside $1,278/yr in yearly equity build, for a total cumulative return of $160,310.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.3% | 6.2% |
| Monthly Cash Flow | $1,668 | $150 |
City averages based on Glennie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,584 |
| Total Monthly Debt Service | $860 |
| DSCR Ratio | 3.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
1.01 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
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
Single Family
Built in 1970
1.01 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices