6888 North Conway Rd.ConwayMI49706
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
Investment Highlights
Investment property for sale in Conway at 6888 North Conway Rd, Conway, MI, 49706 uses $112,379 cash to close to unlock $7,784/yr annual cash flow and $649/mo monthly cash flow. Total monthly income runs $2,884/mo, and a $1,659/mo payment keeps the spread at $649/mo. Purchase price stands at $339,000, and rental yield measures 10.21% with $2,884/mo rent. Return on cash invested shows 26.84% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 140.52% and total cumulative return in cash records $157,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,884/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49706, Alanson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,866 (100%) |
| Owner Occupied HU | 1,803 (62.9%) |
| Renter Occupied HU | 350 (12.2%) |
| Vacant Housing Units | 713 (24.9%) |
| Median Home Value | $256,041 |
| Average Home Value | $303,078 |
Housing Distribution
Address Breakdown
Residential
2,070
Single Family
2,040
Multi-Family
30
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
