115 N Michigan AveBeulahMI49617
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 115 N Michigan Ave, Beulah, MI, 49617 in Beulah. Rental yield 2.44%. At $1,300,000 with 2.44% gross yield, current distributions are modest, but the 5% appreciation rate projects $359,166 in new equity by year five, complemented by $11,973/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.45) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $113,470.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 7.0% |
| Monthly Cash Flow | $(5,932) | $750 |
City averages based on Beulah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,641 |
| Total Monthly Debt Service | $8,056 |
| DSCR Ratio | 0.33x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1935
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49617, Beulah, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,336 (100%) |
| Owner Occupied HU | 1,320 (56.5%) |
| Renter Occupied HU | 152 ( 6.5%) |
| Vacant Housing Units | 864 (37.0%) |
| Median Home Value | $284,434 |
| Average Home Value | $402,017 |
Housing Distribution
Address Breakdown
Residential
1,322
Single Family
1,322
Multi-Family
0
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1935
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49617, Beulah, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,336 (100%) |
| Owner Occupied HU | 1,320 (56.5%) |
| Renter Occupied HU | 152 ( 6.5%) |
| Vacant Housing Units | 864 (37.0%) |
| Median Home Value | $284,434 |
| Average Home Value | $402,017 |
Housing Distribution
Address Breakdown
Residential
1,322
Single Family
1,322
Multi-Family
0
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices