617 W High 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
Rental property for sale in Bangor at 617 W High St, Bangor, MI, 49013 priced at $239,000 converts $2,058/mo rent into $482/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,058/mo, and annual cash flow totals $5,780/yr on $79,229 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 10.33% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 142.52% and total cumulative return in cash sums $112,920. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,058/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1940
1.41 Acres 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
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