4383 Deerfield T LnRapid RiverMI49878
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.54% yield at 4383 Deerfield T Ln, Rapid River, MI, 49878 in Rapid River is solid, but the $1,059/mo payment compresses net cash flow to $123/mo at $235,600. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $65,092 by year five, and $2,170/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $97,669.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $123 | $450 |
City averages based on Rapid River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,676 |
| Total Monthly Debt Service | $1,460 |
| DSCR Ratio | 1.15x |
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 1960
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 1,533 (54.9%) |
| Renter Occupied HU | 131 ( 4.7%) |
| Vacant Housing Units | 1,126 (40.4%) |
| Median Home Value | $182,019 |
| Average Home Value | $216,009 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
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 1960
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 1,533 (54.9%) |
| Renter Occupied HU | 131 ( 4.7%) |
| Vacant Housing Units | 1,126 (40.4%) |
| Median Home Value | $182,019 |
| Average Home Value | $216,009 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A