6090 Garfield RdFreelandMI48623
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
Investment Highlights
Investment property for sale in Freeland at 6090 Garfield Rd, Freeland, MI, 48623 earns $427/mo cash flow from $1,990/mo rent with a $1,160/mo payment. Total monthly income totals $1,990/mo, and annual cash flow totals $5,125/yr on $78,566 capital. ROI tracks 26.43% on current figures, and rental yield reads 10.08% at a $237,000 purchase. Equity gained on principal adds $1,529/yr, and 5% annual appreciation supports $65,479 over five years. Five-year ROI reaches 138.42% and total cumulative return in cash sums $108,752. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,990/mo property income instead of your personal income.
Single Family
Built in 1972
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices