6794 E County Road 612GraylingMI49738
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6794 E County Road 612, Grayling, MI, 49738 in Grayling is a solid income-producing rental, 9.83% gross yield, $1,958/mo rent, $382/mo net cash flow on a $239,000 buy. DSCR 1.82 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $66,031 and $2,201/yr in principal reduction project a total cumulative return of $115,621.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.0% |
| Monthly Cash Flow | $382 | $350 |
City averages based on Grayling market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,958 |
| Total Monthly Debt Service | $1,481 |
| DSCR Ratio | 1.32x |
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 1944
2.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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 1944
2.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kayla Marie Spohn • KW Northern Michigan Team Partners
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832491
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