12534 Railroad StShingletonMI49884
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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 Shingleton at 12534 Railroad St, Shingleton, MI, 49884 offers a 11.09% rental yield on a $195,000 purchase with $1,802/mo rent. Total monthly income registers $1,802/mo, and a $954/mo payment leaves $517/mo available for distribution. Annual cash flow reaches $6,198/yr on $64,643 to close, and return on cash invested stands at 29.5% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 154.82% and total cumulative return in cash at $100,078. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,802/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49884, Shingleton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 162 (59.3%) |
| Renter Occupied HU | 27 ( 9.9%) |
| Vacant Housing Units | 84 (30.8%) |
| Median Home Value | $194,643 |
| Average Home Value | $225,910 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
7
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Listed by: TRAVIS WOOD • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50193484