6629 Caledonia RdHubbard LakeMI49747
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 6629 Caledonia Rd, Hubbard Lake, MI, 49747 in Hubbard Lake. Rental yield 3.81%. At $699,900 with 3.81% gross yield, current distributions are modest, but the 5% appreciation rate projects $193,369 in new equity by year five, complemented by $6,446/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.71) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $112,841.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 6.5% |
| Monthly Cash Flow | $(2,391) | $350 |
City averages based on Hubbard Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,225 |
| Total Monthly Debt Service | $4,337 |
| DSCR Ratio | 0.51x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1998
0.46 Acres lot
$N/A/sqft
No HOA
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 1998
0.46 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amber Suszek • Real Estate One of Alpena
Mls Name: WWMLS
Mls ID: #201838692