7816 3rd StForestvilleMI48434
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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 Forestville at 7816 3rd St, Forestville, MI, 48434 generates $828/mo in rent and, after a $538/mo payment, leaves $103/mo in cash flow. Total monthly income is $828/mo, and annual cash flow is $1,238/yr on $36,432 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 9.04% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 121.72% and total cumulative return in cash sums $44,344. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $828/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48434, Forestville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 59 (100%) |
| Owner Occupied HU | 17 (28.8%) |
| Renter Occupied HU | 3 ( 5.1%) |
| Vacant Housing Units | 39 (66.1%) |
| Median Home Value | $231,250 |
| Average Home Value | $246,176 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
2
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Listed by: Scott Fader • Joseph Walter Realty LLC
Mls Name: MiRealSource
Mls ID: #50195490