5401 Oak DrAlgerMI48610
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
Investment property for sale in Alger at 5401 Oak Dr, Alger, MI, 48610 uses $41,438 cash to close to unlock $1,734/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $969/mo, and a $612/mo payment keeps the spread at $145/mo. Purchase price stands at $125,000, and rental yield measures 9.3% with $969/mo rent. Return on cash invested shows 24.09% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 125.87% and total cumulative return in cash records $52,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $969/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices