1038 Quinnesec StQuinnesecMI49876
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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 Quinnesec at 1038 Quinnesec St, Quinnesec, MI, 49876 with 5% annual appreciation on a $247,900 basis while $1,950/mo rent supports operations. Total monthly income totals $1,950/mo and a $1,213/mo payment preserves $316/mo for cash returns. Annual cash flow comes to $3,787/yr on $82,179 deployed, and return on cash invested reaches 24.52% in year one. Equity gained on principal adds $1,600/yr, and five-year appreciation sums $68,490 alongside rental yield of 9.44%. Five-year ROI measures 128.1% and total cumulative return in cash totals $105,275.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,950/mo property income versus a $1,213/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49876, Quinnesec, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 527 (100%) |
| Owner Occupied HU | 450 (85.4%) |
| Renter Occupied HU | 43 ( 8.2%) |
| Vacant Housing Units | 34 ( 6.5%) |
| Median Home Value | $132,237 |
| Average Home Value | $142,494 |
Housing Distribution
Address Breakdown
Residential
389
Single Family
389
Multi-Family
0
Businesses
30
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Listed by: JANA VISH • MULTI STATE REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174278
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.