519 E Glass RdOrtonvilleMI48462
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.38% yield at 519 E Glass Rd, Ortonville, MI, 48462 in Ortonville is solid, but the $562/mo payment compresses net cash flow to $153/mo at $125,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $34,535 by year five, and $1,151/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.74) without U.S. income documentation. Total projected return: $57,475.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 9.0% |
| Monthly Cash Flow | $153 | $500 |
City averages based on Ortonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $977 |
| Total Monthly Debt Service | $775 |
| DSCR Ratio | 1.26x |
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 1950
9,583 sqft lot
$N/A/sqft
No HOA
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 1950
9,583 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Seelbinder • Seelbinder Real Estate
Mls Name: MichRIC
Mls ID: #25049838