508 Maitland DrHortonMI49246
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 508 Maitland Dr, Horton, MI, 49246 in Horton: $3,226/mo in rent, $1,498/mo net, 14.77% gross yield, all on a $262,000 acquisition. The 2.74 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $72,386 in value, and $2,413/yr in principal paydown steadily builds equity. Projected total cumulative return: $196,254.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 8.2% |
| Monthly Cash Flow | $1,498 | $450 |
City averages based on Horton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,226 |
| Total Monthly Debt Service | $1,624 |
| DSCR Ratio | 1.99x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49246, Horton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,567 (100%) |
| Owner Occupied HU | 1,277 (81.5%) |
| Renter Occupied HU | 77 ( 4.9%) |
| Vacant Housing Units | 213 (13.6%) |
| Median Home Value | $252,879 |
| Average Home Value | $314,839 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,348
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1997
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49246, Horton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,567 (100%) |
| Owner Occupied HU | 1,277 (81.5%) |
| Renter Occupied HU | 77 ( 4.9%) |
| Vacant Housing Units | 213 (13.6%) |
| Median Home Value | $252,879 |
| Average Home Value | $314,839 |
Housing Distribution
Address Breakdown
Residential
1,348
Single Family
1,348
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
