949 Liberty StAlgonacMI48001
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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 Algonac at 949 Liberty St, Algonac, MI, 48001 uses $57,979 cash to close to unlock $5,588/yr annual cash flow and $466/mo monthly cash flow. Total monthly income runs $1,619/mo, and a $856/mo payment keeps the spread at $466/mo. Purchase price stands at $174,900, and rental yield measures 11.11% with $1,619/mo rent. Return on cash invested shows 29.55% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 155.08% and total cumulative return in cash records $89,916. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,619/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1973
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
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