615 Alexander StBangorMI49013
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 Bangor at 615 Alexander St, Bangor, MI, 49013 offers a 10.23% rental yield on a $164,900 purchase with $1,406/mo rent. Total monthly income registers $1,406/mo, and a $807/mo payment leaves $319/mo available for distribution. Annual cash flow reaches $3,824/yr on $54,664 to close, and return on cash invested stands at 26.9% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 140.9% and total cumulative return in cash at $77,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,406/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
