710 Tobin AveChanningMI49815
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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 Channing at 710 Tobin Ave, Channing, MI, 49815 earns $611/mo cash flow from $1,538/mo rent with a $688/mo payment. Total monthly income totals $1,538/mo, and annual cash flow totals $7,334/yr on $46,576 capital. ROI tracks 35.65% on current figures, and rental yield reads 13.14% at a $140,500 purchase. Equity gained on principal adds $907/yr, and 5% annual appreciation supports $38,818 over five years. Five-year ROI reaches 187.92% and total cumulative return in cash sums $87,527. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,538/mo property income instead of your personal income.
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
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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.