651 E Forest StEdmoreMI48829
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 651 E Forest St, Edmore, MI, 48829 in Edmore is narrow, $118/mo net on $1,760/mo rent after the $1,120/mo debt service, but the property operates at break-even-plus, not a loss. At $249,000 with a 8.48% yield, the long-run equity case via 5% appreciation ($68,794 over five years) and $2,293/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.57 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $102,441.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.5% |
| Monthly Cash Flow | $118 | $350 |
City averages based on Edmore market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,760 |
| Total Monthly Debt Service | $1,543 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48829, Edmore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,047 (69.0%) |
| Renter Occupied HU | 315 (20.8%) |
| Vacant Housing Units | 155 (10.2%) |
| Median Home Value | $169,929 |
| Average Home Value | $196,390 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
102
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
Single Family
Built in 1950
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48829, Edmore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,047 (69.0%) |
| Renter Occupied HU | 315 (20.8%) |
| Vacant Housing Units | 155 (10.2%) |
| Median Home Value | $169,929 |
| Average Home Value | $196,390 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices