3948 Ferdinand DrPort HopeMI48468
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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
Rental property for sale in Port Hope at 3948 Ferdinand Dr, Port Hope, MI, 48468 offers $1,297/mo rent that, after a $1,640/mo payment. Total monthly income is $1,297/mo. Return on cash invested measures 10.05% in year one, and rental yield stands at 4.65% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 50.5% and total cumulative return in cash reaches $56,084. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,297/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48468, Port Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,044 (100%) |
| Owner Occupied HU | 516 (49.4%) |
| Renter Occupied HU | 61 ( 5.8%) |
| Vacant Housing Units | 467 (44.7%) |
| Median Home Value | $215,942 |
| Average Home Value | $272,955 |
Housing Distribution
Address Breakdown
Residential
612
Single Family
612
Multi-Family
0
Businesses
26
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