103 N Erie StDe Tour VillageMI49725
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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
Rental property for sale in De Tour Village at 103 N Erie St, De Tour Village, MI, 49725 generates $0/mo in rent, after a $759/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.97% in year one, and rental yield is 0% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49725, De Tour Village, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 814 (100%) |
| Owner Occupied HU | 326 (40.0%) |
| Renter Occupied HU | 18 ( 2.2%) |
| Vacant Housing Units | 470 (57.7%) |
| Median Home Value | $252,381 |
| Average Home Value | $268,351 |
Housing Distribution
Address Breakdown
Residential
250
Single Family
250
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Diane Stocking, Associate Broker • United Country Real Estate Rural Estates
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-224
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.