11255 E Fort Rd APT H-1Suttons BayMI49682
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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 Suttons Bay at 11255 E Fort Rd APT H-1, Suttons Bay, MI, 49682 uses $145,860 cash to close to unlock $3,060/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $3,157/mo, and a $2,154/mo payment keeps the spread at $255/mo. Purchase price stands at $440,000, and rental yield measures 8.61% with $3,157/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 114.61% and total cumulative return in cash records $167,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,157/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: Sander Scott • Net Real Estate
Mls Name: NGLRMLS
Mls ID: #1933618