508 E 6th StClareMI48617
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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 Clare at 508 E 6th St, Clare, MI, 48617 uses $59,339 cash to close to unlock $5,540/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $1,642/mo, and a $876/mo payment keeps the spread at $462/mo. Purchase price stands at $179,000, and rental yield measures 11.01% with $1,642/mo rent. Return on cash invested shows 29.25% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 153.46% and total cumulative return in cash records $91,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,642/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48617, Clare, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,908 (100%) |
| Owner Occupied HU | 2,605 (66.7%) |
| Renter Occupied HU | 941 (24.1%) |
| Vacant Housing Units | 362 ( 9.3%) |
| Median Home Value | $181,828 |
| Average Home Value | $248,567 |
Housing Distribution
Address Breakdown
Residential
3,741
Single Family
3,484
Multi-Family
257
Businesses
468
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