476 Wilson StHemlockMI48626
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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
Investment property for sale in Hemlock at 476 Wilson St, Hemlock, MI, 48626 uses $72,897 cash to close to unlock $3,400/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $1,076/mo payment keeps the spread at $283/mo. Purchase price stands at $219,900, and rental yield measures 9.47% with $1,735/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 128.46% and total cumulative return in cash records $93,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48626, Hemlock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 2,070 (85.7%) |
| Renter Occupied HU | 226 ( 9.4%) |
| Vacant Housing Units | 118 ( 4.9%) |
| Median Home Value | $245,623 |
| Average Home Value | $273,877 |
Housing Distribution
Address Breakdown
Residential
2,360
Single Family
2,344
Multi-Family
16
Businesses
101
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Listed by: Connie Reppuhn • Century 21 Signature Freeland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50174866
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.