W5944 Tower RdCarneyMI49812
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeW5944 Tower Rd, Carney, MI, 49812 in Carney is a solid income-producing rental, 8.73% gross yield, $3,126/mo rent, $291/mo net cash flow on a $429,900 buy. DSCR 1.62 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $118,773 and $3,959/yr in principal reduction project a total cumulative return of $182,544.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.8% |
| Monthly Cash Flow | $291 | $500 |
City averages based on Carney market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,126 |
| Total Monthly Debt Service | $2,664 |
| DSCR Ratio | 1.17x |
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 1916
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49812, Carney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 676 (100%) |
| Owner Occupied HU | 437 (64.6%) |
| Renter Occupied HU | 53 ( 7.8%) |
| Vacant Housing Units | 186 (27.5%) |
| Median Home Value | $194,940 |
| Average Home Value | $218,673 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
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 1916
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49812, Carney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 676 (100%) |
| Owner Occupied HU | 437 (64.6%) |
| Renter Occupied HU | 53 ( 7.8%) |
| Vacant Housing Units | 186 (27.5%) |
| Median Home Value | $194,940 |
| Average Home Value | $218,673 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices