9979 W Michigan StEmpireMI49630
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 9979 W Michigan St, Empire, MI, 49630 in Empire the bet is firmly on appreciation. Rental yield 5.3%. The 5.3% gross yield on a $670,000 price is below income-first thresholds, but 5%/yr value growth projects $185,109 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.98) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $159,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 6.0% |
| Monthly Cash Flow | $(1,482) | $800 |
City averages based on Empire market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,962 |
| Total Monthly Debt Service | $4,177 |
| DSCR Ratio | 0.71x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2010
0.34 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49630, Empire, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,334 (100%) |
| Owner Occupied HU | 639 (47.9%) |
| Renter Occupied HU | 62 ( 4.6%) |
| Vacant Housing Units | 633 (47.5%) |
| Median Home Value | $446,333 |
| Average Home Value | $573,091 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
76
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 2010
0.34 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49630, Empire, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,334 (100%) |
| Owner Occupied HU | 639 (47.9%) |
| Renter Occupied HU | 62 ( 4.6%) |
| Vacant Housing Units | 633 (47.5%) |
| Median Home Value | $446,333 |
| Average Home Value | $573,091 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betsy Webb • Serbin Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933157
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.