9983 Garner LnFreelandMI48623
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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 Freeland at 9983 Garner Ln, Freeland, MI, 48623 listed at $589,900 pairs $2,909/mo rent with a $2,887/mo payment. Total monthly income runs $2,909/mo. Return on cash invested measures 14% in year one, and rental yield registers 5.92% at a $589,900 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $162,978 by year five. Five-year ROI tracks 71.65% and total cumulative return in cash totals $139,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,909/mo property income relative to a $2,887/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
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