7396 S Garlock RdCarson CityMI48811
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 7396 S Garlock Rd, Carson City, MI, 48811 in Carson City. Priced at $155,000, it generates $2,288/mo in gross rent and $1,266/mo in net monthly cash flow, a 17.72% yield that comfortably supports the 3.28 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $15,195. Five-year appreciation: $42,824. Equity from principal paydown: $1,428/yr. Total projected cumulative return: $140,538.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.7% | 6.2% |
| Monthly Cash Flow | $1,266 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,288 |
| Total Monthly Debt Service | $960 |
| DSCR Ratio | 2.38x |
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.
Manufactured
Built in 2011
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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
Manufactured
Built in 2011
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darin K Elliott • Greenridge Realty (Ionia)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25034337
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.