6189 Clovermeadows AveScottsMI49088
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6189 Clovermeadows Ave, Scotts, MI, 49088 in Scotts is a solid income-producing rental, 8.92% gross yield, $2,675/mo rent, $301/mo net cash flow on a $359,900 buy. DSCR 1.65 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $99,434 and $3,315/yr in principal reduction project a total cumulative return of $156,594.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 8.2% |
| Monthly Cash Flow | $301 | $350 |
City averages based on Scotts market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,675 |
| Total Monthly Debt Service | $2,230 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49088, Scotts, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,352 (100%) |
| Owner Occupied HU | 1,201 (88.8%) |
| Renter Occupied HU | 93 ( 6.9%) |
| Vacant Housing Units | 58 ( 4.3%) |
| Median Home Value | $311,851 |
| Average Home Value | $365,633 |
Housing Distribution
Address Breakdown
Residential
1,455
Single Family
1,455
Multi-Family
0
Businesses
17
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
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49088, Scotts, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,352 (100%) |
| Owner Occupied HU | 1,201 (88.8%) |
| Renter Occupied HU | 93 ( 6.9%) |
| Vacant Housing Units | 58 ( 4.3%) |
| Median Home Value | $311,851 |
| Average Home Value | $365,633 |
Housing Distribution
Address Breakdown
Residential
1,455
Single Family
1,455
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices