9575 W Monroe RdElwellMI48832
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 9575 W Monroe Rd, Elwell, MI, 48832 in Elwell delivers $2,287/mo in gross rent and $468/mo in net monthly income at a $275,900 entry. The 9.95% yield and 1.84 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $76,226 over five years and $2,541/yr in equity from loan paydown, total projected return is $135,166.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $468 | $600 |
City averages based on Elwell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,287 |
| Total Monthly Debt Service | $1,710 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48832, Elwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 653 (100%) |
| Owner Occupied HU | 538 (82.4%) |
| Renter Occupied HU | 50 ( 7.7%) |
| Vacant Housing Units | 65 ( 10.0%) |
| Median Home Value | $168,077 |
| Average Home Value | $195,367 |
Housing Distribution
Address Breakdown
Residential
563
Single Family
563
Multi-Family
0
Businesses
10
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
Single Family
Built in 1960
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48832, Elwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 653 (100%) |
| Owner Occupied HU | 538 (82.4%) |
| Renter Occupied HU | 50 ( 7.7%) |
| Vacant Housing Units | 65 ( 10.0%) |
| Median Home Value | $168,077 |
| Average Home Value | $195,367 |
Housing Distribution
Address Breakdown
Residential
563
Single Family
563
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices