0 Partridge TrlElk RapidsMI49629
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
Investment Highlights
Investment property for sale in Elk Rapids at 0 Partridge Trl, Elk Rapids, MI, 49629 uses $39,780 cash to close to unlock $30,192/yr annual cash flow and $2,516/mo monthly cash flow. Total monthly income runs $3,307/mo, and a $587/mo payment keeps the spread at $2,516/mo. Purchase price stands at $120,000, and rental yield measures 33.07% with $3,307/mo rent. Return on cash invested shows 95.81% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 510.4% and total cumulative return in cash records $203,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,307/mo property income covering a $587/mo payment rather than investor’s personal income.
Lot
Built in N/A
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49629, Elk Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 899 (52.6%) |
| Renter Occupied HU | 151 ( 8.8%) |
| Vacant Housing Units | 658 (38.5%) |
| Median Home Value | $372,701 |
| Average Home Value | $458,910 |
Housing Distribution
Address Breakdown
Residential
1,157
Single Family
1,026
Multi-Family
131
Businesses
247
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Nearby investment properties with comparable prices
Listed by: Donald Fedrigon • REMAX Of Elk Rapids
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924547
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.