Honor HwyInterlochenMI49643
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find Honor Hwy, Interlochen, MI, 49643 in Interlochen hard to pass up. The 25.81% gross yield on a $159,900 purchase results in $3,439/mo in rent and $2,385/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.78). Annual cash flow of $28,617, five-year appreciation of $44,177, and $1,473/yr in equity build-up combine for a projected total cumulative return of $214,399.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 25.8% | 5.0% |
| Monthly Cash Flow | $2,385 | $850 |
City averages based on Interlochen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,439 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 3.47x |
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.
Lot
Built in N/A
8.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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
Lot
Built in N/A
8.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Grace • CENTURY 21 Northland
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1921429
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.