116 Constellation StGwinnMI49841
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
Rental property for sale in Gwinn at 116 Constellation St, Gwinn, MI, 49841 priced at $122,000 pairs $1,780/mo rent with $951/mo cash flow after a $597/mo payment. Total monthly income equals $1,780/mo, and annual cash flow comes to $11,407/yr on $40,443 invested. Return on cash invested is 48.11% in year one, and rental yield stands at 17.51% on a $122,000 basis. Equity gained on principal adds $787/yr, and 5% annual appreciation accumulates to $33,706 by year five. Five-year ROI measures 254.96% and total cumulative return in cash reaches $103,115. For financing, Ziffy Mortgage’s DSCR program evaluates $1,780/mo property income against a $597/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
8,276 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49841, Gwinn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,101 (100%) |
| Owner Occupied HU | 2,051 (50.0%) |
| Renter Occupied HU | 1,197 (29.2%) |
| Vacant Housing Units | 853 (20.8%) |
| Median Home Value | $200,129 |
| Average Home Value | $233,729 |
Housing Distribution
Address Breakdown
Residential
2,917
Single Family
2,861
Multi-Family
56
Businesses
157
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Listed by: KELLIE A HILLIER-GENSCHAW • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50193435
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.