520 Sylvester DrFarwellMI48622
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
Investment Highlights
Rental property for sale in Farwell at 520 Sylvester Dr, Farwell, MI, 48622 priced at $345,000 pairs $3,007/mo rent with $732/mo cash flow after a $1,689/mo payment. Total monthly income equals $3,007/mo, and annual cash flow comes to $8,778/yr on $114,368 invested. Return on cash invested is 27.58% in year one, and rental yield stands at 10.46% on a $345,000 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,317 by year five. Five-year ROI measures 144.55% and total cumulative return in cash reaches $165,316. For financing, Ziffy Mortgage’s DSCR program evaluates $3,007/mo property income against a $1,689/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
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Listed by: SHANNON CUMMINGS • CUMMINGS REALTY
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50149188
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