407 W Center StOmerMI48749
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 407 W Center St, Omer, MI, 48749 in Omer is capital appreciation. Rental yield 4.36%. The 4.36% gross yield at $340,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $93,936 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.81) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $64,751.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 9.1% |
| Monthly Cash Flow | $(1,006) | $550 |
City averages based on Omer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,236 |
| Total Monthly Debt Service | $2,107 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48749, Omer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 352 (65.7%) |
| Renter Occupied HU | 42 ( 7.8%) |
| Vacant Housing Units | 142 (26.5%) |
| Median Home Value | $136,538 |
| Average Home Value | $184,276 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
483
Multi-Family
0
Businesses
24
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
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48749, Omer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 352 (65.7%) |
| Renter Occupied HU | 42 ( 7.8%) |
| Vacant Housing Units | 142 (26.5%) |
| Median Home Value | $136,538 |
| Average Home Value | $184,276 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
483
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices