6112 Old 27 NFredericMI49733
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 Frederic at 6112 Old 27 N, Frederic, MI, 49733 offers a 4.4% rental yield on a $370,000 purchase with $1,356/mo rent. 3% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 46.49% and total cumulative return in cash at $57,017. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,356/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
13.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49733, Frederic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,659 (100%) |
| Owner Occupied HU | 726 (43.8%) |
| Renter Occupied HU | 109 ( 6.6%) |
| Vacant Housing Units | 824 (49.7%) |
| Median Home Value | $218,354 |
| Average Home Value | $249,101 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Team Sheri • COLDWELL BANKER SCHMIDT GAYLORD
Mls Name: WWMLS
Mls Provider:
Mls ID: #201834136
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