6692 S Main StFalmouthMI49632
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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 Falmouth at 6692 S Main St, Falmouth, MI, 49632 offers a 9.1% rental yield on a $105,000 purchase with $796/mo rent. Total monthly income registers $796/mo, and a $514/mo payment leaves $104/mo available for distribution. Annual cash flow reaches $1,242/yr on $34,808 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 122.6% and total cumulative return in cash at $42,674. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $796/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49632, Falmouth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 822 (100%) |
| Owner Occupied HU | 415 (50.5%) |
| Renter Occupied HU | 63 ( 7.7%) |
| Vacant Housing Units | 344 (41.8%) |
| Median Home Value | $166,033 |
| Average Home Value | $203,566 |
Housing Distribution
Address Breakdown
Residential
505
Single Family
505
Multi-Family
0
Businesses
31
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