1194 Larke AveRogers CityMI49779
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 Rogers City at 1194 Larke Ave, Rogers City, MI, 49779 offers $1,552/mo rent that, after a $954/mo payment, leaves $267/mo cash flow. Total monthly income is $1,552/mo, and annual cash flow is $3,198/yr on $64,643 cash. Return on cash invested measures 24.86% in year one, and rental yield stands at 9.55% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 129.94% and total cumulative return in cash reaches $83,998. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,552/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,177 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49779, Rogers City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,753 (100%) |
| Owner Occupied HU | 1,871 (68.0%) |
| Renter Occupied HU | 384 (13.9%) |
| Vacant Housing Units | 498 (18.1%) |
| Median Home Value | $139,640 |
| Average Home Value | $191,639 |
Housing Distribution
Address Breakdown
Residential
2,337
Single Family
2,184
Multi-Family
153
Businesses
226
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Listed by: Amy Muckle • Real Estate One Of Presque Isle
Mls Name: WWMLS
Mls ID: #201836573