802 W Arlington StBangorMI49013
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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 Bangor at 802 W Arlington St, Bangor, MI, 49013 uses $33,150 cash to close to unlock $11,285/yr annual cash flow and $940/mo monthly cash flow. Total monthly income runs $1,715/mo, and a $489/mo payment keeps the spread at $940/mo. Purchase price stands at $100,000, and rental yield measures 20.58% with $1,715/mo rent. Return on cash invested shows 53.95% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 287.51% and total cumulative return in cash records $95,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,715/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1956
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
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