0 Carnegie Trail Vacant 4 550 #-042NaubinwayMI49762
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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 Naubinway at 0 Carnegie Trail Vacant 4 550 #-042, Naubinway, MI, 49762 offers a 9.21% rental yield on a $199,000 purchase with $1,528/mo rent. Total monthly income registers $1,528/mo, and a $974/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,588/yr on $65,969 to close, and return on cash invested stands at 23.83% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 124.41% and total cumulative return in cash at $82,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,528/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.30 Acres lot
$N/A/sqft
No HOA
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Listed by: Glenn Campbell • Harbor Sotheby's International Rlty - Harbor Sprgs
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #469254
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.