6345 Hibritten Way #309BessemerMI49911
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
Total monthly income runs $1,074/mo, and a $1,317/mo payment. Purchase price stands at $269,000, and rental yield measures 4.79% with $1,074/mo rent. Return on cash invested shows 9.7% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 48.94% and total cumulative return in cash records $43,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.79 Acres lot
$N/A/sqft
$700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49911, Bessemer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,927 (100%) |
| Owner Occupied HU | 1,040 (54.0%) |
| Renter Occupied HU | 241 (12.5%) |
| Vacant Housing Units | 646 (33.5%) |
| Median Home Value | $139,236 |
| Average Home Value | $161,596 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,208
Multi-Family
36
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GAYLE COLASSACO • FIRST WEBER, INC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50163512
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.