7680 Markel RdIraMI48023
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 7680 Markel Rd, Ira, MI, 48023 in Ira at $659,900, 3.81% gross yield, is a market-growth asset. Rental yield 3.81%. The $2,095/mo rent partially funds the $2,967/mo debt service; the core return is the 5%/yr price growth projected to add $182,318 over five years. Ziffy Mortgage's DSCR mortgage (0.71) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $106,222.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 7.2% |
| Monthly Cash Flow | $(2,257) | $1,500 |
City averages based on Ira market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,095 |
| Total Monthly Debt Service | $4,089 |
| DSCR Ratio | 0.51x |
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.
Single Family
Built in 1995
10.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48023, Fair Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,368 (100%) |
| Owner Occupied HU | 1,730 (73.1%) |
| Renter Occupied HU | 417 (17.6%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $326,971 |
| Average Home Value | $367,487 |
Housing Distribution
Address Breakdown
Residential
2,203
Single Family
2,203
Multi-Family
0
Businesses
160
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 1995
10.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48023, Fair Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,368 (100%) |
| Owner Occupied HU | 1,730 (73.1%) |
| Renter Occupied HU | 417 (17.6%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $326,971 |
| Average Home Value | $367,487 |
Housing Distribution
Address Breakdown
Residential
2,203
Single Family
2,203
Multi-Family
0
Businesses
160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices