10 2nd StSouth RangeMI49963
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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 South Range at 10 2nd St, South Range, MI, 49963 with 5% annual appreciation on a $209,900 basis while $2,039/mo rent supports operations. Total monthly income totals $2,039/mo and a $1,027/mo payment preserves $655/mo for cash returns. Annual cash flow comes to $7,862/yr on $69,582 deployed, and return on cash invested reaches 31.21% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 11.66%. Five-year ROI measures 164.02% and total cumulative return in cash totals $114,128.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,039/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49963, South Range, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 376 (100%) |
| Owner Occupied HU | 257 (68.4%) |
| Renter Occupied HU | 64 (17.0%) |
| Vacant Housing Units | 55 (14.6%) |
| Median Home Value | $116,204 |
| Average Home Value | $155,973 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
38
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Listed by: MARK COON • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50156995
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.