113 E Wisner StAlpenaMI49707
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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 113 E Wisner St, Alpena, MI, 49707 uses $56,355 cash to close to unlock $2,748/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,350/mo, and a $832/mo payment keeps the spread at $229/mo. Purchase price stands at $170,000, and rental yield measures 9.53% with $1,350/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 129.5% and total cumulative return in cash records $72,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1949
9,801 sqft 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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