6196 Ervin StMarletteMI48453
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6196 Ervin St, Marlette, MI, 48453 in Marlette speaks for itself: 12.13% gross on a $190,000 price, generating $1,920/mo in rent and $667/mo in net income after the $854/mo debt service. DSCR 2.25, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,004 stacks alongside $52,494 in projected five-year appreciation and $1,750/yr in principal reduction. Projected total cumulative return: $115,323.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.8% |
| Monthly Cash Flow | $667 | $750 |
City averages based on Marlette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $1,177 |
| DSCR Ratio | 1.63x |
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 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48453, Marlette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,431 (69.2%) |
| Renter Occupied HU | 443 (21.4%) |
| Vacant Housing Units | 194 ( 9.4%) |
| Median Home Value | $170,585 |
| Average Home Value | $215,910 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,901
Multi-Family
130
Businesses
187
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 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48453, Marlette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,431 (69.2%) |
| Renter Occupied HU | 443 (21.4%) |
| Vacant Housing Units | 194 ( 9.4%) |
| Median Home Value | $170,585 |
| Average Home Value | $215,910 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,901
Multi-Family
130
Businesses
187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices