604 N Hillcrest AveBessemerMI49911
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Investment Highlights
Rental property for sale in Bessemer at 604 N Hillcrest Ave, Bessemer, MI, 49911 priced at $689,000 converts $7,199/mo rent into $2,656/mo cash flow after a $3,372/mo obligation. Total monthly income equals $7,199/mo, and annual cash flow totals $31,868/yr on $226,681 invested. Return on cash invested prints 34.12% in year one, and rental yield reads 12.54% against a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation compiles into $190,358 by year five. Five-year ROI reaches 179.55% and total cumulative return in cash sums $406,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,199/mo property income covering a $3,372/mo payment, not borrower’s personal income.
Single Family
Built in 1990
20.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49911, Bessemer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,927 (100%) |
| Owner Occupied HU | 1,040 (54.0%) |
| Renter Occupied HU | 241 (12.5%) |
| Vacant Housing Units | 646 (33.5%) |
| Median Home Value | $139,236 |
| Average Home Value | $161,596 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,208
Multi-Family
36
Businesses
85
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: TAMMY KAURANEN • FIRST WEBER - BESSEMER
Mls Name: GNMLS
Mls Provider:
Mls ID: #208648
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.