6631 W 4th RdMesickMI49668
Nearby investment properties with comparable rents
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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
Investment property for sale in Mesick at 6631 W 4th Rd, Mesick, MI, 49668 earns $776/mo cash flow from $3,018/mo rent with a $1,664/mo payment. Total monthly income totals $3,018/mo, and annual cash flow totals $9,314/yr on $112,677 capital. ROI tracks 28.18% on current figures, and rental yield reads 10.65% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 147.73% and total cumulative return in cash sums $166,463. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,018/mo property income instead of your personal income.
Single Family
Built in 1954
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49668, Mesick, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,108 (100%) |
| Owner Occupied HU | 1,406 (66.7%) |
| Renter Occupied HU | 214 (10.2%) |
| Vacant Housing Units | 488 (23.1%) |
| Median Home Value | $180,337 |
| Average Home Value | $207,329 |
Housing Distribution
Address Breakdown
Residential
1,515
Single Family
1,515
Multi-Family
0
Businesses
74
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Nearby investment properties with comparable prices
Listed by: Renee Rosa • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924123
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.