6289 Swartout RdAlgonacMI48001
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 Algonac at 6289 Swartout Rd, Algonac, MI, 48001 earns $305/mo cash flow from $1,756/mo rent with a $1,077/mo payment. Total monthly income totals $1,756/mo, and annual cash flow totals $3,660/yr on $72,930 capital. ROI tracks 24.93% on current figures, and rental yield reads 9.58% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 130.27% and total cumulative return in cash sums $95,003. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,756/mo property income instead of your personal income.
Single Family
Built in 1961
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices