945 Norway DrFowlerMI48835
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
Investment property for sale in Fowler at 945 Norway Dr, Fowler, MI, 48835 listed at $339,900 pairs $2,771/mo rent with a $1,664/mo payment to leave $379/mo cash flow. Total monthly income runs $2,771/mo, and annual cash flow reaches $4,550/yr on $112,677 cash to close. Return on cash invested measures 23.95% in year one, and rental yield registers 9.78% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 125.64% and total cumulative return in cash totals $141,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,771/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48835, Fowler, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,067 (100%) |
| Owner Occupied HU | 941 (88.2%) |
| Renter Occupied HU | 93 ( 8.7%) |
| Vacant Housing Units | 33 ( 3.1%) |
| Median Home Value | $253,697 |
| Average Home Value | $306,509 |
Housing Distribution
Address Breakdown
Residential
872
Single Family
856
Multi-Family
16
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Bates Homes • RE/MAX Real Estate Pros Dewitt
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #280487
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS