710 Tobin AveChanningMI49815
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Channing rentals match the income profile of 710 Tobin Ave, Channing, MI, 49815. Listed at $140,500, gross rent is $1,538/mo and net cash flow is $612/mo, a 13.14% yield well above national averages. DSCR 2.43 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $38,818 by year five with $1,294/yr in annual principal reduction, projecting $92,913 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 6.5% |
| Monthly Cash Flow | $612 | $550 |
City averages based on Channing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,538 |
| Total Monthly Debt Service | $871 |
| DSCR Ratio | 1.77x |
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 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49815, Channing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 426 (100%) |
| Owner Occupied HU | 194 (45.5%) |
| Renter Occupied HU | 11 ( 2.6%) |
| Vacant Housing Units | 221 (51.9%) |
| Median Home Value | $238,462 |
| Average Home Value | $274,278 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
13
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 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49815, Channing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 426 (100%) |
| Owner Occupied HU | 194 (45.5%) |
| Renter Occupied HU | 11 ( 2.6%) |
| Vacant Housing Units | 221 (51.9%) |
| Median Home Value | $238,462 |
| Average Home Value | $274,278 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DANIEL MENARD • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50135933
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.