6239 Blackberry DrAlgerMI48610
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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 Alger at 6239 Blackberry Dr, Alger, MI, 48610 uses $43,625 cash to close to unlock $9,291/yr annual cash flow and $774/mo monthly cash flow. Total monthly income runs $1,642/mo, and a $644/mo payment keeps the spread at $774/mo. Purchase price stands at $131,600, and rental yield measures 14.97% with $1,642/mo rent. Return on cash invested shows 41.21% in year one, and 5% annual appreciation builds toward $36,359 over five years. Five-year ROI reaches 217.66% and total cumulative return in cash records $94,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,642/mo property income covering a $644/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
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