37 Chestnut StDouglasMI49406
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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
Total monthly income runs $3,482/mo, and a $2,986/mo payment. Purchase price stands at $610,000, and rental yield measures 6.85% with $3,482/mo rent. Return on cash invested shows 16.83% in year one, and 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 86.81% and total cumulative return in cash records $174,211. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,482/mo property income covering a $2,986/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49406, Douglas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 532 (56.0%) |
| Renter Occupied HU | 87 ( 9.2%) |
| Vacant Housing Units | 331 (34.8%) |
| Median Home Value | $398,734 |
| Average Home Value | $557,721 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
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