8891 S Harding 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
Rental property for sale in Farwell at 8891 S Harding Ave, Farwell, MI, 48622 generates $895/mo in rent and, after a $558/mo payment, leaves $143/mo in cash flow. Total monthly income is $895/mo, and annual cash flow is $1,718/yr on $37,791 invested. Return on cash invested sits at 24.46% in year one, and rental yield is 9.42% on a $114,000 entry. Equity gained on principal adds $736/yr, while 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 127.86% and total cumulative return in cash sums $48,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $895/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.54 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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Listed by: ALAN REISS • REISS REAL ESTATE INC.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50186849
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