501 W Fenwick RdFenwickMI48834
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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 Fenwick at 501 W Fenwick Rd, Fenwick, MI, 48834 generates $1,451/mo in rent and, after a $905/mo payment, leaves $232/mo in cash flow. Total monthly income is $1,451/mo, and annual cash flow is $2,778/yr on $61,328 invested. Return on cash invested sits at 24.44% in year one, and rental yield is 9.41% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash sums $78,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,451/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48834, Fenwick, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 844 (79.5%) |
| Renter Occupied HU | 119 (11.2%) |
| Vacant Housing Units | 98 ( 9.2%) |
| Median Home Value | $221,131 |
| Average Home Value | $260,749 |
Housing Distribution
Address Breakdown
Residential
926
Single Family
926
Multi-Family
0
Businesses
9
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