6608 3rd StGagetownMI48735
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 6608 3rd St, Gagetown, MI, 48735 in Gagetown hard to pass up. The 12.08% gross yield on a $149,500 purchase results in $1,505/mo in rent and $519/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.24). Annual cash flow of $6,227, five-year appreciation of $41,304, and $1,377/yr in equity build-up combine for a projected total cumulative return of $90,384.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.0% |
| Monthly Cash Flow | $519 | $300 |
City averages based on Gagetown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,505 |
| Total Monthly Debt Service | $926 |
| DSCR Ratio | 1.62x |
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 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48735, Gagetown, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 394 (100%) |
| Owner Occupied HU | 282 (71.6%) |
| Renter Occupied HU | 58 (14.7%) |
| Vacant Housing Units | 54 (13.7%) |
| Median Home Value | $171,053 |
| Average Home Value | $230,443 |
Housing Distribution
Address Breakdown
Residential
311
Single Family
299
Multi-Family
12
Businesses
13
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 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48735, Gagetown, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 394 (100%) |
| Owner Occupied HU | 282 (71.6%) |
| Renter Occupied HU | 58 (14.7%) |
| Vacant Housing Units | 54 (13.7%) |
| Median Home Value | $171,053 |
| Average Home Value | $230,443 |
Housing Distribution
Address Breakdown
Residential
311
Single Family
299
Multi-Family
12
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices