800 Merilyn LnAlgerMI48610
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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 Alger at 800 Merilyn Ln, Alger, MI, 48610 at $119,900 posts ROI 38.3% with $609/mo cash flow from $1,400/mo rent. Total monthly income equals $1,400/mo, and annual cash flow records $7,310/yr on $39,747 to close. Return on cash invested measures 38.3% and rental yield reads 14.01% at the current $119,900. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 by year five. Five-year ROI prints 202.13% and total cumulative return in cash totals $80,340.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
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Listed by: Jeffrey Thompson • Thompson State Wide Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925504
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.