729 Clark St APT 62TecumsehMI49286
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 729 Clark St APT 62, Tecumseh, MI, 49286 in Tecumseh is the 1.61 coverage ratio: rent of $1,702/mo versus a $1,056/mo debt payment on a $234,875 property. Rental yield 8.69%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $64,892 by year five, with $2,163/yr in equity from paydown. Total projected cumulative return: $84,351.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.5% |
| Monthly Cash Flow | $(97) | $1,200 |
City averages based on Tecumseh market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,702 |
| Total Monthly Debt Service | $1,705 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1999
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
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
Condo
Built in 1999
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janis Montalvo • Living In Lenawee Realty, LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170179
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