654 N Blacks Corners RdImlay CityMI48444
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.04% yield at 654 N Blacks Corners Rd, Imlay City, MI, 48444 in Imlay City is solid, but the $1,427/mo payment compresses net cash flow to $35/mo at $317,400. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $87,692 by year five, and $2,923/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.49) without U.S. income documentation. Total projected return: $123,198.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.0% |
| Monthly Cash Flow | $35 | $450 |
City averages based on Imlay City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,128 |
| Total Monthly Debt Service | $1,967 |
| DSCR Ratio | 1.08x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48444, Imlay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,954 (100%) |
| Owner Occupied HU | 2,921 (73.9%) |
| Renter Occupied HU | 804 (20.3%) |
| Vacant Housing Units | 229 ( 5.8%) |
| Median Home Value | $235,530 |
| Average Home Value | $255,605 |
Housing Distribution
Address Breakdown
Residential
3,871
Single Family
3,444
Multi-Family
427
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A