1302 S 3rd AveAlpenaMI49707
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 Alpena at 1302 S 3rd Ave, Alpena, MI, 49707 earns $378/mo cash flow from $1,466/mo rent with a $808/mo payment. Total monthly income totals $1,466/mo, and annual cash flow totals $4,530/yr on $54,698 capital. ROI tracks 28.19% on current figures, and rental yield reads 10.66% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 147.8% and total cumulative return in cash sums $80,843. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,466/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49707, Alpena, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 7,776 (66.0%) |
| Renter Occupied HU | 2,265 (19.2%) |
| Vacant Housing Units | 1,747 (14.8%) |
| Median Home Value | $150,147 |
| Average Home Value | $189,050 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
10,102
Multi-Family
673
Businesses
1,047
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Listed by: Lori Ann Sparling • RE/MAX New Horizons
Mls Name: WWMLS
Mls Provider:
Mls ID: #201837464
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