1156 Barber StBenzoniaMI49616
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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
Investment Highlights
Investment property for sale in Benzonia at 1156 Barber St, Benzonia, MI, 49616 with 5% annual appreciation on a $365,000 basis while $2,696/mo rent supports operations. Total monthly income totals $2,696/mo and a $1,786/mo payment preserves $290/mo for cash returns. Annual cash flow comes to $3,474/yr on $120,998 deployed, and return on cash invested reaches 22.78% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 8.86%. Five-year ROI measures 118.78% and total cumulative return in cash totals $143,719.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,696/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49616, Benzonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,109 (100%) |
| Owner Occupied HU | 767 (69.2%) |
| Renter Occupied HU | 107 ( 9.6%) |
| Vacant Housing Units | 235 (21.2%) |
| Median Home Value | $269,000 |
| Average Home Value | $347,846 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
885
Multi-Family
0
Businesses
106
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Nearby investment properties with comparable prices
Listed by: Jamie Gray • Coldwell Banker Schmidt-Benzie
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929254
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.