1060 Old Mill RdAlpenaMI49707
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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 Alpena at 1060 Old Mill Rd, Alpena, MI, 49707 with 5% annual appreciation on a $100,000 basis while $751/mo rent supports operations. Total monthly income totals $751/mo and a $489/mo payment preserves $92/mo for cash returns. Annual cash flow comes to $1,104/yr on $33,150 deployed, and return on cash invested reaches 23.24% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.01%. Five-year ROI measures 121.21% and total cumulative return in cash totals $40,180.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $751/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49707, Alpena, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 7,776 (66.0%) |
| Renter Occupied HU | 2,265 (19.2%) |
| Vacant Housing Units | 1,747 (14.8%) |
| Median Home Value | $150,147 |
| Average Home Value | $189,050 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
10,102
Multi-Family
673
Businesses
1,047
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Listed by: Janell Kenworthy • Forty Five North Real Estate Oscoda
Mls Name: WWMLS
Mls Provider:
Mls ID: #201830780
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