60 Oakwood AveGaastraMI49927
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 60 Oakwood Ave, Gaastra, MI, 49927 in Gaastra earns a 11.77% gross yield at $120,000. Rent of $1,177/mo nets $386/mo after the $540/mo mortgage. The 2.18 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $33,154 and $1,105/yr in equity accumulation project a total cumulative return of $70,509.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 7.0% |
| Monthly Cash Flow | $386 | $450 |
City averages based on Gaastra market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,177 |
| Total Monthly Debt Service | $744 |
| DSCR Ratio | 1.58x |
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 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49927, Gaastra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 191 (100%) |
| Owner Occupied HU | 118 (61.8%) |
| Renter Occupied HU | 28 (14.7%) |
| Vacant Housing Units | 45 (23.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $264,364 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
8
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 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49927, Gaastra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 191 (100%) |
| Owner Occupied HU | 118 (61.8%) |
| Renter Occupied HU | 28 (14.7%) |
| Vacant Housing Units | 45 (23.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $264,364 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: PETRA CLARK • TRI COUNTY REALTY UP-IM
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50152292
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.