601 N Scott DrFarwellMI48622
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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 601 N Scott Dr, Farwell, MI, 48622 priced at $287,500 converts $1,565/mo rent into after a $1,407/mo obligation. Total monthly income equals $1,565/mo. Return on cash invested prints 15.74% in year one, and rental yield reads 6.53% against a $287,500 entry. Equity gained on principal adds $1,855/yr, while 5% annual appreciation compiles into $79,431 by year five. Five-year ROI reaches 81.07% and total cumulative return in cash sums $77,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,565/mo property income covering a $1,407/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.71 Acres 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: KARI GARBER • HARRISON REALTY INC.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50175393
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