8832 Ormes RdVassarMI48768
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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 Vassar at 8832 Ormes Rd, Vassar, MI, 48768 uses $72,897 cash to close to unlock $5,486/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $1,907/mo, and a $1,076/mo payment keeps the spread at $457/mo. Purchase price stands at $219,900, and rental yield measures 10.41% with $1,907/mo rent. Return on cash invested shows 27.43% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 143.78% and total cumulative return in cash records $104,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,907/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1850
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48768, Vassar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,109 (100%) |
| Owner Occupied HU | 3,221 (78.4%) |
| Renter Occupied HU | 623 (15.2%) |
| Vacant Housing Units | 265 ( 6.4%) |
| Median Home Value | $157,940 |
| Average Home Value | $187,573 |
Housing Distribution
Address Breakdown
Residential
4,059
Single Family
3,876
Multi-Family
183
Businesses
235
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