7394 Barnes RdMarletteMI48453
INVESTMENT ANALYSIS
Investment Verdict
Solid Income7394 Barnes Rd, Marlette, MI, 48453 in Marlette is a solid income-producing rental, 8.78% gross yield, $2,816/mo rent, $278/mo net cash flow on a $385,000 buy. DSCR 1.63 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $106,368 and $3,546/yr in principal reduction project a total cumulative return of $164,536.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.8% |
| Monthly Cash Flow | $278 | $750 |
City averages based on Marlette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,816 |
| Total Monthly Debt Service | $2,386 |
| DSCR Ratio | 1.18x |
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 1945
10.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48453, Marlette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,431 (69.2%) |
| Renter Occupied HU | 443 (21.4%) |
| Vacant Housing Units | 194 ( 9.4%) |
| Median Home Value | $170,585 |
| Average Home Value | $215,910 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,901
Multi-Family
130
Businesses
187
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 1945
10.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48453, Marlette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,431 (69.2%) |
| Renter Occupied HU | 443 (21.4%) |
| Vacant Housing Units | 194 ( 9.4%) |
| Median Home Value | $170,585 |
| Average Home Value | $215,910 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,901
Multi-Family
130
Businesses
187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices