817 Hemlock DrDavisonMI48423
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
Rental property for sale in Davison at 817 Hemlock Dr, Davison, MI, 48423 priced at $199,500 pairs $1,767/mo rent with $452/mo cash flow after a $976/mo payment. Total monthly income equals $1,767/mo, and annual cash flow comes to $5,422/yr on $66,134 invested. Return on cash invested is 28.11% in year one, and rental yield stands at 10.63% on a $199,500 basis. Equity gained on principal adds $1,287/yr, and 5% annual appreciation accumulates to $55,118 by year five. Five-year ROI measures 147.35% and total cumulative return in cash reaches $97,447. For financing, Ziffy Mortgage’s DSCR program evaluates $1,767/mo property income against a $976/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48423, Davison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,406 (100%) |
| Owner Occupied HU | 10,191 (66.1%) |
| Renter Occupied HU | 4,466 (29.0%) |
| Vacant Housing Units | 749 ( 4.9%) |
| Median Home Value | $235,172 |
| Average Home Value | $262,027 |
Housing Distribution
Address Breakdown
Residential
15,373
Single Family
12,694
Multi-Family
2,679
Businesses
645
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Nearby investment properties with comparable prices
Listed by: Tammy Lord • REMAX Edge
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174125
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