606 S Park StBessemerMI49911
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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 Bessemer at 606 S Park St, Bessemer, MI, 49911 priced at $437,900 converts $5,729/mo rent into $2,842/mo cash flow after a $2,143/mo obligation. Total monthly income equals $5,729/mo, and annual cash flow totals $34,099/yr on $145,164 invested. Return on cash invested prints 43.4% in year one, and rental yield reads 15.7% against a $437,900 entry. Equity gained on principal adds $2,826/yr, while 5% annual appreciation compiles into $120,984 by year five. Five-year ROI reaches 229.35% and total cumulative return in cash sums $332,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,729/mo property income covering a $2,143/mo payment, not borrower’s personal income.
Single Family
Built in 2005
11.68 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
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Listed by: NANCY ZAK • ZAK'S REALTY, INC
Mls Name: GNMLS
Mls Provider:
Mls ID: #208933
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.