5792 Howell RdOtter LakeMI48464
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 5792 Howell Rd, Otter Lake, MI, 48464 in Otter Lake, $149,000, 9.24% gross yield, $164/mo net income. Consider it a market-entry position, the $1,147/mo rent covers the $670/mo payment with a margin, and 5%/yr appreciation is projected to add $41,166 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.71) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $67,360.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $164 | $950 |
City averages based on Otter Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,147 |
| Total Monthly Debt Service | $923 |
| DSCR Ratio | 1.24x |
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 1996
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48464, Otter Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 955 (100%) |
| Owner Occupied HU | 727 (76.1%) |
| Renter Occupied HU | 73 ( 7.6%) |
| Vacant Housing Units | 155 (16.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $245,330 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
809
Multi-Family
0
Businesses
21
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 1996
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48464, Otter Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 955 (100%) |
| Owner Occupied HU | 727 (76.1%) |
| Renter Occupied HU | 73 ( 7.6%) |
| Vacant Housing Units | 155 (16.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $245,330 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
809
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MiRealSource
Mls ID: #50203437