6137 Morin RdPalmsMI48465
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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
Investment property for sale in Palms at 6137 Morin Rd, Palms, MI, 48465 earns $1,422/mo cash flow from $2,246/mo rent with a $612/mo payment. Total monthly income totals $2,246/mo, and annual cash flow totals $17,058/yr on $41,438 capital. ROI tracks 61.07% on current figures, and rental yield reads 21.56% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 324.18% and total cumulative return in cash sums $134,333. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,246/mo property income instead of your personal income.
Single Family
Built in 1920
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48465, Palms, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 459 (100%) |
| Owner Occupied HU | 253 (55.1%) |
| Renter Occupied HU | 34 ( 7.4%) |
| Vacant Housing Units | 172 (37.5%) |
| Median Home Value | $216,860 |
| Average Home Value | $270,435 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
335
Multi-Family
0
Businesses
3
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