7816 3rd StForestvilleMI48434
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 7816 3rd St, Forestville, MI, 48434 in Forestville at $109,900 earns $828/mo in rent and nets $103/mo after the $494/mo payment, a 9.04% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,363 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,012/yr in principal paydown, total projected return reaches $48,568.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $103 | $450 |
City averages based on Forestville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $828 |
| Total Monthly Debt Service | $681 |
| DSCR Ratio | 1.22x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Fader • Joseph Walter Realty LLC
Mls Name: MiRealSource
Mls ID: #50195490