982 Norway DrFowlerMI48835
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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 Fowler at 982 Norway Dr, Fowler, MI, 48835 uses $117,649 cash to close to unlock $4,376/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $2,705/mo, and a $1,737/mo payment keeps the spread at $365/mo. Purchase price stands at $354,900, and rental yield measures 9.15% with $2,705/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 123.33% and total cumulative return in cash records $145,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,705/mo property income covering a $1,737/mo payment rather than investor’s personal income.
Condo
Built in 2026
N/A lot
$N/A/sqft
No 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
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