129 S Ausable TrlGraylingMI49738
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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 Grayling at 129 S Ausable Trl, Grayling, MI, 49738 priced at $335,000 converts $1,897/mo rent into after a $1,640/mo obligation. Total monthly income equals $1,897/mo. Return on cash invested prints 16.53% in year one, and rental yield reads 6.8% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 85.28% and total cumulative return in cash sums $94,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,897/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1978
4.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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Listed by: Charlene G Scheer • Premier Waterfront Realty
Mls Name: WWMLS
Mls Provider:
Mls ID: #201833049
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