7255 S Forman RdIdlewildMI49642
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
Rental property for sale in Idlewild at 7255 S Forman Rd, Idlewild, MI, 49642 priced at $154,500 converts $1,814/mo rent into $795/mo cash flow after a $756/mo obligation. Total monthly income equals $1,814/mo, and annual cash flow totals $9,544/yr on $51,217 invested. Return on cash invested prints 38.54% in year one, and rental yield reads 14.09% against a $154,500 entry. Equity gained on principal adds $997/yr, while 5% annual appreciation compiles into $42,686 by year five. Five-year ROI reaches 203.35% and total cumulative return in cash sums $104,151. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,814/mo property income covering a $756/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49642, Idlewild, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,183 (100%) |
| Owner Occupied HU | 341 (28.8%) |
| Renter Occupied HU | 103 ( 8.7%) |
| Vacant Housing Units | 739 (62.5%) |
| Median Home Value | $156,786 |
| Average Home Value | $200,029 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
362
Multi-Family
23
Businesses
24
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