6056 W 16th StFremontMI49412
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 6056 W 16th St, Fremont, MI, 49412 in Fremont worth study. Rental yield 1.31%. The 1.31% gross yield is below cash-flow benchmarks at $850,000, but 5% annual appreciation, adding $234,839 over five years, frames this as a capital growth position. Rent of $930/mo partially offsets the $3,822/mo payment. Ziffy Mortgage finances appreciation-play properties (0.24 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $22,942.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.3% | 7.0% |
| Monthly Cash Flow | $(4,675) | $200 |
City averages based on Fremont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $930 |
| Total Monthly Debt Service | $5,267 |
| DSCR Ratio | 0.18x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1900
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49412, Fremont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,254 (100%) |
| Owner Occupied HU | 3,886 (74.0%) |
| Renter Occupied HU | 827 (15.7%) |
| Vacant Housing Units | 541 (10.3%) |
| Median Home Value | $218,545 |
| Average Home Value | $256,878 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,578
Multi-Family
232
Businesses
423
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 1900
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49412, Fremont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,254 (100%) |
| Owner Occupied HU | 3,886 (74.0%) |
| Renter Occupied HU | 827 (15.7%) |
| Vacant Housing Units | 541 (10.3%) |
| Median Home Value | $218,545 |
| Average Home Value | $256,878 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,578
Multi-Family
232
Businesses
423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices