6301 Meldrum Rd, Fair Haven, MI, 48023 | 6.67% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,917/mo, and a $2,570/mo payment. Purchase price stands at $525,000, and rental yield measures 6.67% with $2,917/mo rent. Return on cash invested shows 16.27% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 83.84% and total cumulative return in cash records $144,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,917/mo property income covering a $2,570/mo payment rather than investor’s personal income.

Single Family

Built in 2006

9.87 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48023, Fair Haven, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,368 (100%)
Owner Occupied HU	1,730 (73.1%)
Renter Occupied HU	417 (17.6%)
Vacant Housing Units	221 ( 9.3%)
Median Home Value	$326,971
Average Home Value	$367,487