6988 West Cir #388HermansvilleMI49847
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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 Hermansville at 6988 West Cir #388, Hermansville, MI, 49847 earns from $0/mo rent with a $891/mo payment. Total monthly income totals $0/mo. ROI tracks -3.97% on current figures, and rental yield reads 0% at a $182,000 purchase. Equity gained on principal adds $1,174/yr, and 5% annual appreciation supports $50,283 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1970
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49847, Hermansville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 563 (100%) |
| Owner Occupied HU | 371 (65.9%) |
| Renter Occupied HU | 79 (14.0%) |
| Vacant Housing Units | 113 (20.1%) |
| Median Home Value | $129,567 |
| Average Home Value | $175,054 |
Housing Distribution
Address Breakdown
Residential
336
Single Family
312
Multi-Family
24
Businesses
21
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No similar rental properties found nearby.
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Listed by: MELISSA MIKUS • UPWARDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50150926
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