119 E Eliza StSchoolcraftMI49087
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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
Rental property for sale in Schoolcraft at 119 E Eliza St, Schoolcraft, MI, 49087 priced at $199,900 converts $1,014/mo rent into after a $978/mo obligation. Total monthly income equals $1,014/mo. Return on cash invested prints 14.41% in year one, and rental yield reads 6.09% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 73.92% and total cumulative return in cash sums $48,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,014/mo property income covering a $978/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
0.51 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: David Lambe Elevate Team • Michigan Top Producers
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027549
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.