5661 N Three Mile RdHesselMI49745
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 5661 N Three Mile Rd, Hessel, MI, 49745 in Hessel earns a 10.04% gross yield at $189,000. Rent of $1,582/mo nets $335/mo after the $850/mo mortgage. The 1.86 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $52,217 and $1,741/yr in equity accumulation project a total cumulative return of $93,599.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 7.0% |
| Monthly Cash Flow | $335 | $400 |
City averages based on Hessel market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,582 |
| Total Monthly Debt Service | $1,171 |
| DSCR Ratio | 1.35x |
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.
Manufactured
Built in 2006
20.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49745, Hessel, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 754 (100%) |
| Owner Occupied HU | 352 (46.7%) |
| Renter Occupied HU | 59 ( 7.8%) |
| Vacant Housing Units | 343 (45.5%) |
| Median Home Value | $177,778 |
| Average Home Value | $265,014 |
Housing Distribution
Address Breakdown
Residential
446
Single Family
446
Multi-Family
0
Businesses
30
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
Manufactured
Built in 2006
20.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49745, Hessel, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 754 (100%) |
| Owner Occupied HU | 352 (46.7%) |
| Renter Occupied HU | 59 ( 7.8%) |
| Vacant Housing Units | 343 (45.5%) |
| Median Home Value | $177,778 |
| Average Home Value | $265,014 |
Housing Distribution
Address Breakdown
Residential
446
Single Family
446
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Sayles • Sayles Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-231
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.