10935 Mirons 16.8 Ln, Rapid River, MI, 49878 | 6.24% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Rapid River at 10935 Mirons 16.8 Ln, Rapid River, MI, 49878 listed at $1,520,000 pairs $7,906/mo rent with a $7,440/mo payment. Total monthly income runs $7,906/mo. Return on cash invested measures 15.21% in year one, and rental yield registers 6.24% at a $1,520,000 basis. Equity gained on principal adds $9,808/yr, and annual property appreciation at 5% supports $419,948 by year five. Five-year ROI tracks 78.08% and total cumulative return in cash totals $384,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,906/mo property income relative to a $7,440/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2023

2.66 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,790 (100%)
Owner Occupied HU	1,533 (54.9%)
Renter Occupied HU	131 ( 4.7%)
Vacant Housing Units	1,126 (40.4%)
Median Home Value	$182,019
Average Home Value	$216,009