517 E Main StCarson CityMI48811
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 517 E Main St, Carson City, MI, 48811 in Carson City at $149,900 earns $1,148/mo in rent and nets $159/mo after the $674/mo payment, a 9.19% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,415 over five years. Ziffy Mortgage underwrites this on a 1.70 DSCR without U.S. credit history. With $1,381/yr in principal paydown, total projected return reaches $67,415.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $159 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,148 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 1.24x |
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 1970
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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 1970
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bethany Ervin • CENTURY 21 SIGNATURE - Mt. Pleasant
Mls Name: NGLRMLS
Mls ID: #1937052