4589 Hemlock RdGlennieMI48737
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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 Glennie at 4589 Hemlock Rd, Glennie, MI, 48737 priced at $125,000 converts $1,729/mo rent into $905/mo cash flow after a $612/mo obligation. Total monthly income equals $1,729/mo, and annual cash flow totals $10,854/yr on $41,438 invested. Return on cash invested prints 46.1% in year one, and rental yield reads 16.6% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 243.91% and total cumulative return in cash sums $101,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,729/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 2002
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48737, Glennie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,427 (100%) |
| Owner Occupied HU | 482 (33.8%) |
| Renter Occupied HU | 64 ( 4.5%) |
| Vacant Housing Units | 881 (61.7%) |
| Median Home Value | $159,247 |
| Average Home Value | $167,614 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
26
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Nearby investment properties with comparable prices
Listed by: Ric Braun • SCOFIELD REAL ESTATE LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1921493
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.