11600 S Ridge RdDafterMI49724
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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 Dafter at 11600 S Ridge Rd, Dafter, MI, 49724 uses $112,710 cash to close to unlock $2,976/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $2,490/mo, and a $1,664/mo payment keeps the spread at $248/mo. Purchase price stands at $340,000, and rental yield measures 8.79% with $2,490/mo rent. Return on cash invested shows 22.55% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 117.51% and total cumulative return in cash records $132,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2003
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
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Nearby investment properties with comparable prices
Listed by: Leah Jackson • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-875
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.