4174 N Dorr RdMerrittMI49667
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 4174 N Dorr Rd, Merritt, MI, 49667 in Merritt at $150,000 earns $1,181/mo in rent and nets $192/mo after the $674/mo payment, a 9.45% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,442 over five years. Ziffy Mortgage underwrites this on a 1.75 DSCR without U.S. credit history. With $1,382/yr in principal paydown, total projected return reaches $69,500.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.5% |
| Monthly Cash Flow | $192 | $850 |
City averages based on Merritt market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,181 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 1.27x |
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 1945
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49667, Merritt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 511 (100%) |
| Owner Occupied HU | 259 (50.7%) |
| Renter Occupied HU | 29 ( 5.7%) |
| Vacant Housing Units | 223 (43.6%) |
| Median Home Value | $165,878 |
| Average Home Value | $198,929 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
22
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 1945
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49667, Merritt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 511 (100%) |
| Owner Occupied HU | 259 (50.7%) |
| Renter Occupied HU | 29 ( 5.7%) |
| Vacant Housing Units | 223 (43.6%) |
| Median Home Value | $165,878 |
| Average Home Value | $198,929 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices