7068 Fruitvale RdMontagueMI49437
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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
Rental property for sale in Montague at 7068 Fruitvale Rd, Montague, MI, 49437 generates $1,604/mo in rent, after a $1,268/mo payment. Total monthly income is $1,604/mo. Return on cash invested sits at 18.45% in year one, and rental yield is 7.43% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 95.56% and total cumulative return in cash sums $82,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,604/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
5.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49437, Montague, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,595 (71.1%) |
| Renter Occupied HU | 355 ( 9.7%) |
| Vacant Housing Units | 700 (19.2%) |
| Median Home Value | $240,329 |
| Average Home Value | $327,025 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,102
Multi-Family
111
Businesses
184
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