6053 Douglas RdIdaMI48140
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 6053 Douglas Rd, Ida, MI, 48140 in Ida at $339,900 earns $2,268/mo in rent and nets $27/mo after the $1,528/mo payment, a 8.01% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $93,908 over five years. Ziffy Mortgage underwrites this on a 1.48 DSCR without U.S. credit history. With $3,131/yr in principal paydown, total projected return reaches $131,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.5% |
| Monthly Cash Flow | $27 | $450 |
City averages based on Ida market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,268 |
| Total Monthly Debt Service | $2,106 |
| DSCR Ratio | 1.08x |
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 1952
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48140, Ida, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 1,074 (88.5%) |
| Renter Occupied HU | 79 ( 6.5%) |
| Vacant Housing Units | 60 ( 4.9%) |
| Median Home Value | $295,376 |
| Average Home Value | $342,700 |
Housing Distribution
Address Breakdown
Residential
1,114
Single Family
1,114
Multi-Family
0
Businesses
61
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 1952
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48140, Ida, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 1,074 (88.5%) |
| Renter Occupied HU | 79 ( 6.5%) |
| Vacant Housing Units | 60 ( 4.9%) |
| Median Home Value | $295,376 |
| Average Home Value | $342,700 |
Housing Distribution
Address Breakdown
Residential
1,114
Single Family
1,114
Multi-Family
0
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices