4042 E State StCarsonvilleMI48419
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 4042 E State St, Carsonville, MI, 48419 in Carsonville worth modelling. At $149,000 with a 8.78% gross yield, the $1,090/mo rent leaves $107/mo after the $670/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.63 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $41,166 by year five; $1,372/yr in principal reduction adds further equity. Total projected return: $63,700.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 8.5% |
| Monthly Cash Flow | $107 | $450 |
City averages based on Carsonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,090 |
| Total Monthly Debt Service | $923 |
| DSCR Ratio | 1.18x |
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 1950
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
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 1950
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Stolicker • Town & Country Realty-Lexington
Mls Name: MiRealSource
Mls ID: #50181787