551 Grace StFarwellMI48622
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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 551 Grace St, Farwell, MI, 48622 priced at $139,400 converts $1,532/mo rent into $613/mo cash flow after a $682/mo obligation. Total monthly income equals $1,532/mo, and annual cash flow totals $7,356/yr on $46,211 invested. Return on cash invested prints 35.83% in year one, and rental yield reads 13.19% against a $139,400 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation compiles into $38,514 by year five. Five-year ROI reaches 188.87% and total cumulative return in cash sums $87,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,532/mo property income covering a $682/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A 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: Bob Fall • CENTURY 21 LEE-MAC REALTY
Mls Name: Realcomp II
Mls Provider:
Mls ID: #79080014166
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-01-10 22:31:37 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702