8453 Cochise DrHoward CityMI49329
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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 Howard City at 8453 Cochise Dr, Howard City, MI, 49329 generates $1,842/mo in rent and, after a $1,224/mo payment, leaves $176/mo in cash flow. Total monthly income is $1,842/mo, and annual cash flow is $2,116/yr on $82,875 invested. Return on cash invested sits at 22.46% in year one, and rental yield is 8.84% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 117.18% and total cumulative return in cash sums $97,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,842/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.28 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Listed by: Eldon R Palmer • 616 Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25024743
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.