10346 N Whitefish Point RdParadiseMI49768
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 Paradise at 10346 N Whitefish Point Rd, Paradise, MI, 49768 listed at $425,000 pairs $3,955/mo rent with a $2,080/mo payment to leave $1,153/mo cash flow. Total monthly income runs $3,955/mo, and annual cash flow reaches $13,830/yr on $140,888 cash to close. Return on cash invested measures 29.73% in year one, and rental yield registers 11.17% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 156.02% and total cumulative return in cash totals $219,809. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,955/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49768, Paradise, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 884 (100%) |
| Owner Occupied HU | 167 (18.9%) |
| Renter Occupied HU | 22 ( 2.5%) |
| Vacant Housing Units | 695 (78.6%) |
| Median Home Value | $202,206 |
| Average Home Value | $232,829 |
Housing Distribution
Address Breakdown
Residential
177
Single Family
177
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Merrell • RE/MAX NorthStar Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-456
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.