8469 Deadstream Rd #4HonorMI49640
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 8469 Deadstream Rd #4, Honor, MI, 49640 in Honor. Rental yield 6.11%. The 1.13 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $69,070 and $2,303/yr in principal reduction project total return of $71,077.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 8.0% |
| Monthly Cash Flow | $(375) | $1,200 |
City averages based on Honor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,273 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49640, Honor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,514 (100%) |
| Owner Occupied HU | 710 (46.9%) |
| Renter Occupied HU | 78 ( 5.2%) |
| Vacant Housing Units | 726 (48.0%) |
| Median Home Value | $356,069 |
| Average Home Value | $416,218 |
Housing Distribution
Address Breakdown
Residential
863
Single Family
863
Multi-Family
0
Businesses
77
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
Single Family
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49640, Honor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,514 (100%) |
| Owner Occupied HU | 710 (46.9%) |
| Renter Occupied HU | 78 ( 5.2%) |
| Vacant Housing Units | 726 (48.0%) |
| Median Home Value | $356,069 |
| Average Home Value | $416,218 |
Housing Distribution
Address Breakdown
Residential
863
Single Family
863
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jules Yates • REMAX Bayshore - Union St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932963
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.