8005 Old Channel TrlMontagueMI49437
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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 Montague at 8005 Old Channel Trl, Montague, MI, 49437 priced at $774,900 converts $5,478/mo rent into $368/mo cash flow after a $3,793/mo obligation. Total monthly income equals $5,478/mo, and annual cash flow totals $4,412/yr on $254,942 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 8.48% against a $774,900 entry. Equity gained on principal adds $5,000/yr, while 5% annual appreciation compiles into $214,091 by year five. Five-year ROI reaches 113.44% and total cumulative return in cash sums $289,199. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,478/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 1989
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49437, Montague, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,595 (71.1%) |
| Renter Occupied HU | 355 ( 9.7%) |
| Vacant Housing Units | 700 (19.2%) |
| Median Home Value | $240,329 |
| Average Home Value | $327,025 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,102
Multi-Family
111
Businesses
184
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