121 Truscott StNegauneeMI49866
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
Investment property for sale in Negaunee at 121 Truscott St, Negaunee, MI, 49866 earns $3,145/mo cash flow from $4,794/mo rent with a $1,224/mo payment. Total monthly income totals $4,794/mo, and annual cash flow totals $37,740/yr on $82,875 capital. ROI tracks 65.45% on current figures, and rental yield reads 23.01% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 347.55% and total cumulative return in cash sums $288,034. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,794/mo property income instead of your personal income.
Single Family
Built in 1998
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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Listed by: MATTHEW TRAWICK • KELLER WILLIAMS FIRST UP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50150147
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.