6438 State StGardenMI49835
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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
Rental property for sale in Garden at 6438 State St, Garden, MI, 49835 generates $973/mo in rent and, after a $612/mo payment, leaves $94/mo in cash flow. Total monthly income is $973/mo, and annual cash flow is $1,122/yr on $41,438 invested. Return on cash invested sits at 22.62% in year one, and rental yield is 9.34% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 118.54% and total cumulative return in cash sums $49,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $973/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49835, Garden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 359 (55.7%) |
| Renter Occupied HU | 26 ( 4.0%) |
| Vacant Housing Units | 259 (40.2%) |
| Median Home Value | $174,202 |
| Average Home Value | $209,276 |
Housing Distribution
Address Breakdown
Residential
321
Single Family
321
Multi-Family
0
Businesses
23
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Listed by: MELISSA MIKUS • UPWARDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50170009
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.