414 Cottage StClareMI48617
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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 Clare at 414 Cottage St, Clare, MI, 48617 offers $963/mo rent that, after a $587/mo payment, leaves $172/mo cash flow. Total monthly income is $963/mo, and annual cash flow is $2,064/yr on $39,780 cash. Return on cash invested measures 25.1% in year one, and rental yield stands at 9.63% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 131.21% and total cumulative return in cash reaches $52,195. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $963/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48617, Clare, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,908 (100%) |
| Owner Occupied HU | 2,605 (66.7%) |
| Renter Occupied HU | 941 (24.1%) |
| Vacant Housing Units | 362 ( 9.3%) |
| Median Home Value | $181,828 |
| Average Home Value | $248,567 |
Housing Distribution
Address Breakdown
Residential
3,741
Single Family
3,484
Multi-Family
257
Businesses
468
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