5823 Hallstrom RdChathamMI49816
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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
Investment property for sale in Chatham at 5823 Hallstrom Rd, Chatham, MI, 49816 listed at $230,000 pairs $0/mo rent with a $1,126/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.97% in year one, and rental yield registers 0% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
37.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49816, Chatham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 543 (100%) |
| Owner Occupied HU | 286 (52.7%) |
| Renter Occupied HU | 23 ( 4.2%) |
| Vacant Housing Units | 234 (43.1%) |
| Median Home Value | $220,408 |
| Average Home Value | $251,792 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
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