425 Schoolcrest AveClareMI48617
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 Clare at 425 Schoolcrest Ave, Clare, MI, 48617 priced at $159,500 pairs $2,374/mo rent with $1,322/mo cash flow after a $781/mo payment. Total monthly income equals $2,374/mo, and annual cash flow comes to $15,862/yr on $52,874 invested. Return on cash invested is 49.91% in year one, and rental yield stands at 17.86% on a $159,500 basis. Equity gained on principal adds $1,029/yr, and 5% annual appreciation accumulates to $44,067 by year five. Five-year ROI measures 264.24% and total cumulative return in cash reaches $139,717. For financing, Ziffy Mortgage’s DSCR program evaluates $2,374/mo property income against a $781/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.29 Acres 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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Listed by: SHANNON CHRISMAN • HOMEWATERS - Gladwin
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50150053
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