11580 Provo #19Rapid RiverMI49878
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
Investment Highlights
Investment property for sale in Rapid River at 11580 Provo #19, Rapid River, MI, 49878 listed at $399,000 pairs $2,807/mo rent with a $1,953/mo payment to leave $176/mo cash flow. Total monthly income runs $2,807/mo, and annual cash flow reaches $2,108/yr on $132,269 cash to close. Return on cash invested measures 21.5% in year one, and rental yield registers 8.44% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 111.92% and total cumulative return in cash totals $148,034. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,807/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
1.53 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 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER LACHANCE • PREMIER REAL ESTATE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50135336
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.