1033 W Local Rd #32CarneyMI49812
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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 Carney at 1033 W Local Rd #32, Carney, MI, 49812 earns $1,403/mo cash flow from $2,471/mo rent with a $793/mo payment. Total monthly income totals $2,471/mo, and annual cash flow totals $16,831/yr on $53,703 capital. ROI tracks 51.25% on current figures, and rental yield reads 18.3% at a $162,000 purchase. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 over five years. Five-year ROI reaches 271.48% and total cumulative return in cash sums $145,793. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,471/mo property income instead of your personal income.
Single Family
Built in 2000
1.04 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
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Listed by: KATHLEEN SULLIVAN • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50143718
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.