3893 Michele DrFredericMI49733
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
Rental property for sale in Frederic at 3893 Michele Dr, Frederic, MI, 49733 priced at $154,900 pairs $2,352/mo rent with $1,331/mo cash flow after a $758/mo payment. Total monthly income equals $2,352/mo, and annual cash flow comes to $15,968/yr on $51,349 invested. Return on cash invested is 51.01% in year one, and rental yield stands at 18.22% on a $154,900 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,796 by year five. Five-year ROI measures 270.17% and total cumulative return in cash reaches $138,728. For financing, Ziffy Mortgage’s DSCR program evaluates $2,352/mo property income against a $758/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
2.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49733, Frederic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,659 (100%) |
| Owner Occupied HU | 726 (43.8%) |
| Renter Occupied HU | 109 ( 6.6%) |
| Vacant Housing Units | 824 (49.7%) |
| Median Home Value | $218,354 |
| Average Home Value | $249,101 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Team Sheri • COLDWELL BANKER SCHMIDT GAYLORD
Mls Name: WWMLS
Mls Provider:
Mls ID: #201831396
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