804 E Silver StBessemerMI49911
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
Investment Highlights
Investment property for sale in Bessemer at 804 E Silver St, Bessemer, MI, 49911 offers a 9.59% rental yield on a $119,900 purchase with $958/mo rent. Total monthly income registers $958/mo, and a $587/mo payment leaves $167/mo available for distribution. Annual cash flow reaches $2,006/yr on $39,747 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 130.55% and total cumulative return in cash at $51,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $958/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49911, Bessemer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,927 (100%) |
| Owner Occupied HU | 1,040 (54.0%) |
| Renter Occupied HU | 241 (12.5%) |
| Vacant Housing Units | 646 (33.5%) |
| Median Home Value | $139,236 |
| Average Home Value | $161,596 |
Housing Distribution
Address Breakdown
Residential
1,244
Single Family
1,208
Multi-Family
36
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices