4576 Timber LnAlgerMI48610
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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 Alger at 4576 Timber Ln, Alger, MI, 48610 priced at $129,000 converts $1,625/mo rent into $775/mo cash flow after a $631/mo obligation. Total monthly income equals $1,625/mo, and annual cash flow totals $9,296/yr on $42,764 invested. Return on cash invested prints 41.65% in year one, and rental yield reads 15.12% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 220% and total cumulative return in cash sums $94,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,625/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1973
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
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