8799 Garbow RdHoward CityMI49329
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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
Investment property for sale in Howard City at 8799 Garbow Rd, Howard City, MI, 49329 earns $105/mo cash flow from $797/mo rent with a $514/mo payment. Total monthly income totals $797/mo, and annual cash flow totals $1,254/yr on $34,808 capital. ROI tracks 23.51% on current figures, and rental yield reads 9.11% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 122.81% and total cumulative return in cash sums $42,746. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $797/mo property income instead of your personal income.
Single Family
Built in 1970
2.18 Acres lot
$N/A/sqft
No 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: Bernadette M Nomura • Turnkey Realty LLC
Mls Name: MichRIC
Mls ID: #25059270