7907 Brockway RdMelvinMI48454
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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
Investment property for sale in Melvin at 7907 Brockway Rd, Melvin, MI, 48454 offers a 6.29% rental yield on a $325,000 purchase with $1,703/mo rent. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 77.08% and total cumulative return in cash at $83,041. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,703/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48454, Melvin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 554 (100%) |
| Owner Occupied HU | 450 (81.2%) |
| Renter Occupied HU | 42 ( 7.6%) |
| Vacant Housing Units | 62 (11.2%) |
| Median Home Value | $206,962 |
| Average Home Value | $247,322 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
15
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