409 E Main StFremontMI49412
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 Fremont at 409 E Main St, Fremont, MI, 49412 priced at $296,000 converts $930/mo rent into after a $1,449/mo obligation. Total monthly income equals $930/mo. Return on cash invested prints 7.41% in year one, and rental yield reads 3.77% against a $296,000 entry. Equity gained on principal adds $1,910/yr, while 5% annual appreciation compiles into $81,779 by year five. Five-year ROI reaches 36.34% and total cumulative return in cash sums $35,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $930/mo property income covering a $1,449/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49412, Fremont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,254 (100%) |
| Owner Occupied HU | 3,886 (74.0%) |
| Renter Occupied HU | 827 (15.7%) |
| Vacant Housing Units | 541 (10.3%) |
| Median Home Value | $218,545 |
| Average Home Value | $256,878 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,578
Multi-Family
232
Businesses
423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
