9 E Monroe StBangorMI49013
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
Investment Highlights
Rental property for sale in Bangor at 9 E Monroe St, Bangor, MI, 49013 priced at $165,600 pairs $1,294/mo rent with $105/mo cash flow after a $811/mo payment. Total monthly income equals $1,294/mo, and annual cash flow comes to $1,265/yr on $54,896 invested. Return on cash invested is 22.21% in year one, and rental yield stands at 9.38% on a $165,600 basis. Equity gained on principal adds $1,069/yr, and 5% annual appreciation accumulates to $45,752 by year five. Five-year ROI measures 116.55% and total cumulative return in cash reaches $63,980. For financing, Ziffy Mortgage’s DSCR program evaluates $1,294/mo property income against a $811/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
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