8515 S Old State AveFarwellMI48622
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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
Total monthly income runs $630/mo, and a $1,224/mo payment. Purchase price stands at $250,000, and rental yield measures 3.02% with $630/mo rent. Return on cash invested shows 5.15% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 24.24% and total cumulative return in cash records $20,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $630/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
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