7972 3rd StForestvilleMI48434
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 7972 3rd St, Forestville, MI, 48434 in Forestville, $199,000, 8.49% gross yield, $95/mo net income. Consider it a market-entry position, the $1,408/mo rent covers the $895/mo payment with a margin, and 5%/yr appreciation is projected to add $54,980 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.57) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $81,966.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $95 | $450 |
City averages based on Forestville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,408 |
| Total Monthly Debt Service | $1,233 |
| DSCR Ratio | 1.14x |
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 1933
9,583 sqft 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 1933
9,583 sqft 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: N/A • N/A
Mls Name: Realcomp II
Mls ID: #20261020054