701 Forest AveClareMI48617
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 Clare at 701 Forest Ave, Clare, MI, 48617 at $374,900 posts ROI 23.46% with $368/mo cash flow from $2,840/mo rent. Total monthly income equals $2,840/mo, and annual cash flow records $4,412/yr on $124,279 to close. Return on cash invested measures 23.46% and rental yield reads 9.09% at the current $374,900. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 by year five. Five-year ROI prints 122.41% and total cumulative return in cash totals $152,131.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,840/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48617, Clare, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,908 (100%) |
| Owner Occupied HU | 2,605 (66.7%) |
| Renter Occupied HU | 941 (24.1%) |
| Vacant Housing Units | 362 ( 9.3%) |
| Median Home Value | $181,828 |
| Average Home Value | $248,567 |
Housing Distribution
Address Breakdown
Residential
3,741
Single Family
3,484
Multi-Family
257
Businesses
468
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