6802 Mount Vernon Hills DrVanderbiltMI49795
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 6802 Mount Vernon Hills Dr, Vanderbilt, MI, 49795 in Vanderbilt earns a 8.8% gross yield at $619,900. Rent of $4,544/mo nets $456/mo after the $2,787/mo mortgage. The 1.63 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $171,267 and $5,709/yr in equity accumulation project a total cumulative return of $265,563.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.0% |
| Monthly Cash Flow | $456 | $900 |
City averages based on Vanderbilt market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,544 |
| Total Monthly Debt Service | $3,841 |
| DSCR Ratio | 1.18x |
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 N/A
4.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
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 N/A
4.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Northern Michigan MLS
Mls ID: #477799