11894 M 35PerkinsMI49872
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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 Perkins at 11894 M 35, Perkins, MI, 49872 uses $220,101 cash to close to unlock $1,724/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $4,555/mo, and a $3,274/mo payment keeps the spread at $144/mo. Purchase price stands at $669,000, and rental yield measures 8.17% with $4,555/mo rent. Return on cash invested shows 20.84% in year one, and 5% annual appreciation builds toward $184,832 over five years. Five-year ROI reaches 108.35% and total cumulative return in cash records $238,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,555/mo property income covering a $3,274/mo payment rather than investor’s personal income.
Multi Family
Built in 1992
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49872, Perkins, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 102 (100%) |
| Owner Occupied HU | 76 (74.5%) |
| Renter Occupied HU | 5 ( 4.9%) |
| Vacant Housing Units | 21 (20.6%) |
| Median Home Value | $168,750 |
| Average Home Value | $192,401 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
9
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Listed by: SAMANTHA KLEIKAMP • UPWARDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50167380
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.