1321 Eagle Point RdGraylingMI49738
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 Grayling at 1321 Eagle Point Rd, Grayling, MI, 49738 offers $961/mo rent that, after a $587/mo payment, leaves $170/mo cash flow. Total monthly income is $961/mo, and annual cash flow is $2,042/yr on $39,747 cash. Return on cash invested measures 25.05% in year one, and rental yield stands at 9.62% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 131.03% and total cumulative return in cash reaches $52,080. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $961/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1969
0.40 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: Tricia O'Brien • Heart of Up North Realty, LLC
Mls Name: WWMLS
Mls Provider:
Mls ID: #201834651
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